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?
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Read news article here)
Generally, governments should not interfere with banks. The central bank is responsible for the exchange rate of the national currency and the financial policy of the state, and only it is authorized to give the banks instructions and instructions that are binding on them.
It hardly makes any practical sense for bank employees to challenge any instructions from the central bank. Direct appeal to the central bank does not lead to anything, and appeal to the court is expensive, and even after that, you can lose your job.