Can you imagine? Banks claim to be blocking people and businesses because of the FTX collapse. How many banks have they stopped because of the ugly past of many UK banks that went insolvent?
The problem of one establishment out of many should never be a yardstick in judging others. For me, these banks are anti-crypto and their actions are high level of hypocrisy.
The banks nowadays are fighting against something that, day after day, is becoming bigger and bigger and they don't know how to stop it. The smart banks will embrace cryptos and make a profit out of it; other banks, like those that are blockings transfers for stupid reasons like "your own security" will just end up like the dinosaurs did. Maybe not in 1 year, maybe not in 5 and not even in 10, but eventually they will.
Those banks that come up with the "your own security" excuse and lazy. They can't even come up with a better excuse. They can't even guarantee their own security so why should I trust them?
Smart banks would know by now that they can't win against Bitcoin. Maybe they can win against other centralized altcoins, but when it comes to Bitcoin, all they can do is fight, they can't win. And the longer they fight, the longer they miss out.
Bitcoin stands against every fraudulent wall they build.
They should be lucky there are still people who don't trust Bitcoin but trust fiat.
Banks mismanage customers funds all the time but they're here acting like our personal lord and savior, it's so bad people are still falling for that crap.