Did Barclays Just Declare War on Bitcoin Users In The UK? (The Cryptoverse #132)
On today's episode of The Cryptoverse:
UK bank Barclays has suspended the account of local cryptocurrency news resource Coinjournal without warning or explanation, it emerged today.
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Sources:
The Original Article On Bitcoin.com
Dictionary.com Definition of Tyranny
BitPay Offers Financial Services to RT Following Bank Account Freeze (The Cryptoverse #124)
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Probably your most controversial one yet. The controversy start at the 6 minute mark.
Why can't Coinjournal just open a new account at a different bank? Here in the USA the bank account of our business was closed by Wells Fargo and we just opened a new account at a different bank. We went to a local small bank since smaller banks tend to be more considered towards their local customers. It was a huge inconvenience and setback for us but not a show stopper. Or am I failing to understand something?
That's what I was thinking - even in US credit unions can serve business but often do not offer anything more than checking/savings account to them. Is there a UK banking oligopoly?
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