Quote from: Weawant on Today at 12:56:11 PM

Quote from: EarnOnVictor on July 06, 2023, 08:07:04 AM

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.

Banks will always used any opportunities they have to discourage people's from investing in cryptocurency because when people invest in cryptocurrency it takes money from their hands. People no longer trust banks because they're no longer leaving their money in banks.

People are now investing in cryptocurrency and the banks sees this as a threat to their business so they'll use every opportunity to attack those people doing this which is why they're closing their banks accounts. Both the banks and the government don't like cryptocurrency.

They'll protect their fellow banks when they have financial problem and look for ways to make people to keep trusting banks because it benefits their businesses but when it's cryptocurency they act like all cryptocurency are bad like the ones that collapse, it's just the nature.

You are right, why should we trust banks? Banks have opposed the growth of the crypto industry for years because they want to control money in every country.

The untrustworthiness of banks has caused the crypto industry to grow faster. There are many reasons for this, but this is one of the main reasons why banks see crypto as a competitor. People don't trust the bank. That's why banks don't like crypto. We can say this with a simple thought.

How many banks have ever gone bankrupt and victimized people. Which government tried to prevent that? They are ruthless against the crypto industry but they don't see the mistakes of the banks. And as you said, they treat all cryptos the same, citing an example of an event that was bad.