Barclays Bank blocks transactions to Binance
Multiple (UK) users has recieved the following message from their Barclays Bank. They aren’t allowed to transfer money to/from Binance anymore.
Barclays responds with the following statement:
it’s our responsibility to look after our customers money.
The bank can deside where you can ‘spend’ your money. So if i take all my money and use it to gamble, where are they to protect me from using it to bad stuff.
So this is maybe the best example why Bitcoin is the perfect solution. Nobody can say why and where u gonna spend your money.
Multiple Binance UK users are planning to step over to other banks which are not restricting their customers where they gonna spend their OWN money.