Post
Topic
Board Bitcoin Discussion
Re: How safe is it letting the bank know that you are a BTC Investor?
by
spiker777
on 19/02/2024, 19:06:22 UTC
It is safe, I recall a time when the bank questioned the source of my funds. I disclosed that it was from my earnings in cryptocurrency. I provided them with any necessary information and proof they requested. After reviewing the information, they did not ask any further questions, even regarding my cryptocurrency funds.
It is safe, I recall a time when the bank questioned the source of my funds. I disclosed that it was from my earnings in cryptocurrency. I provided them with any necessary information and proof they requested. After reviewing the information, they did not ask any further questions, even regarding my cryptocurrency funds.
It depends on which country or region you are from because different countries and regions have different views about Bitcoin and cryptocurrencies, however, most of them aren't fans of them and even if a country and its people are welcoming about Bitcoin and cryptocurrencies, banks and other financial institutions would barely have the same attitude because they find cryptocurrencies to be direct rivals for them and their services.
So if your bank didn't ask you weird questions or reacted as if you were committing a crime, then you are lucky because you live in a region where there isn't a lot of hatred towards Bitcoin and cryptocurrencies because most people can't say the same thing if they tell their banks that their transactions are related to cryptocurrencies.