Post by @stani • Hey
More and more banks are debanking crypto users, recently US bank Chase debanked their UK crypto users. If we want the debanking to stop, we all need to be
Comments
- Jumping in here again as I find this wildly important. Check the report below. The global payment industry makes hundreds of billions of profit and it’s horribly inconvenient and expensive (OK, crypto is still even more inconvenient) there is an opportunity to build a common-owned, cheap, fair payment infrastructure and they are scared shitless of that.
https://www.mckinsey.com/industries/financial-services/our-insights/the-2023-mckinsey-global-payments-report
- Yeah. We just opened a bank account for our web3 project and they want countless documents: whitepaper, legal opinion, etc
- This is so bad. Even when the UK Prime Minister has shown support for the development of a #WEB3 ecosystem, the situation remains unfavorable.
- true..
- 👍👍 agreed
- They know crypto is the future,so this is what they need to do.
- I agree with you. here you said "Debanking should not be tolerated". what can we do further?🤔
- You're absolutely right! As the crypto community grows, it's crucial to advocate for fair access to financial services. Transparency and improved AML tools should indeed help address concerns. Let's continue to raise our voices for inclusion and fair treatment.
- Just focus on risk control; PayPal has already entered the stablecoin market.
- Absolutely agree!
- The revolution will swallow them, they know this and they’re scared.
- Absolutely agree!
The increasing trend of banks debanking crypto users is concerning.
It's time for crypto users to come together and raise our voices against such actions. We are a global community of over a hundred million strong, and we deserve fair access to financial services. Together, we can work towards a more inclusive and crypto-friendly financial ecosystem. 💪🌍🚀
- I am wondering how the guys from @bankless.lens feal about this?
- You are 1000% true ! All is said, I cannot admit that any more either
- GM boy