Quote from: The Pharmacist on November 05, 2022, 04:56:35 AM

And if I'm not mistaken, Santander may be a Spanish bank, but they have branches in the US all over the place. I've seen them and never realized they were global.

Well, it is the most important bank in Spain, and 'Santander' is a city in the north of Spain, where it was founded, but over time it has internationalised, and from what I see in the USA it is present mainly in the north-east.

Quote from: The Pharmacist on November 05, 2022, 04:56:35 AM

I'm not buying the "it's for your protection" argument here, as people get scammed with fiat constantly through all sorts of methods, whether it's the old Nigerian prince kind or pretty much any other scheme you can think of.

Me neither.

Quote from: The Pharmacist on November 05, 2022, 04:56:35 AM

My guess is that Santander didn't decide this on their own, but rather had it suggested to them by some government agency that hasn't officially regulated cryptocurrency yet. Banks and government have always been in bed together, so that wouldn't surprise me in the least.

The problem with that is that if you are right we will soon see other banks limiting customers to 'protect' them.

Quote from: stompix on November 05, 2022, 02:17:20 PM

The problem will be when they change the limit from 3000 a month to zero a year, that is going to be ugly.

This is what worries me.