In my opinion, banks restricting the buying of crypto on their cards isn’t really that significant.
First of all, banks in Australia have in the last year or so, deemed credit card deposits for online gambling and forex trading to be classed as cash advances. This never used to be the case and was a way for me to easily be able to arbitrage sports books and increase my trading margin in forex. Now the daily interest you pay to use a card is ridiculous and there’s no point in doing it.
Not to mention CitiBank, the king of unethical trading, gambling and rate fixing, doesn’t let clients deposit to gambling accounts for ‘ethical reasons’. Nobody cares about that news and as hilariously ironic as it is, it’s total horseshit. I mean isn’t the fact an unethical, centralised company is telling you what you can and can’t do with your money, the whole point of why crypto is here? Heck, this should be a positive news story for crypto, not a negative.
I really like to think that society as a whole is full of intelligent creatures that can think for themselves, but we’re all still bound by the archaic, self interest protecting, mainstream media that has no interest in breaking from the status-quo. The fact people just lap it up is just sad.
/endrant 😂