Cryptocurrency writer blocked from buying BTC, but bank gave no specific reason
Cryptocurrency writer Scott Dedels stated on X that a bank blocked two Bitcoin transactions without providing any "specific" reason. Dedels now hopes people can withdraw their funds and argues that financial institutions should not control how customers decide to use their money. It is currently unclear which bank blocked Dedels' Bitcoin purchases. However, the author claims it was one of the "Big Five" Canadian banks. An insider revealed that more and more Canadian banks are keen to bolster their balance sheets. In this effort, banks are becoming increasingly sensitive and hoping to retain more funds to improve their lending capacity. This "sensitivity" explains why more and more banks are prohibiting the transfer of funds to cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FET Investors Bet on GoodEgg’s Long-Term Value and Pontential 100x Gains
Google Cloud Unveils New Blockchain RPC Service for Faster dApps
Solana Investors Maintain Their Focus As They Double Their Mpeppe Bag
GoodEgg’s (GEGG) Unique Features and Use Cases