Quote from: Cling18 on December 04, 2021, 04:17:41 PM

Quote from: Rruchi man on November 19, 2021, 01:24:19 AM

A recent situation in my country where the banks have been instructed to block accounts related/associated with crypto trading has prompted me to start thinking if these banks are actually happy carrying out government policies against their customers, because some of them seem not too happy about it but look to have little or no choice on the matter.

Can the banks challenge the policies from the government? Are the banks working for the people or the government? is there any possibility that banks can operate freely entirely from government policies?

(Read news article here)

I think most banks has their own policies and the government has nothing to do with accounts that they block or restrict due to crypto transactions. As for me, they're just trying to control fraudulent transactions. However, there are also trusted banks that don't do account blocking and liquidate crypto transactions. I think we should only pick trusted banks.

Yes, there are other banks that is fair and just, whom doesn't interfere with other matters that is not reflecting or may harm certain banks. But naturally, banks do obey what governments are told them to do, besides it's where they get their licensing and policies. So what do we expect? They can't just disobey the government that easily because they aren't independent.