Today I got a mail from Citi Bank saying that because of potential economic, financial, operational, legal, customer protection and security related risks asscoiated with Bitcoins and cryptocurrencies , Citi Bank has decided to not permit usage of credit and debit cards towards purchase of cryptos.
Now let me ask you a question how come using debit or credit cards for purchasing cryptos is a risk for economic. Financially people will become sound because it is one way of investment, I don't think it as a financial risk. They say legal risks, according to RBI there is no such notice to stop purchasing bitcoins or cryptocurrencies to it should not be legal. They talk about Customer Protection, are we really protected as you are the ones who give our details to credit card department and they call us numerous times in a day.
Your thoughts on this?
Its really pitty dear. In fact they fear of cryptos and fear of their future. Majority of Banks world over fear and demotivate people to invest in and use of cryptos. Cryptocurrency is a freedom and they not want us to be free. Moreover there is corruption in the system.
Banks are getting real scared! In my opinion this is a great sign. Slow transition from banks to crypto hopefully is soon. But imagine a billion dollar corporation doing this clearly they have something to worry about.
The Banks and Governments with there Bureaucrats<----Notice the word RATS in there name, they will continue there assault on Crypto. They certainly don't want to lose there Ponzi Scheme either as it's the biggest one in the history of the world. P.S. I receive nothing for sharing this video other than the comfort it brings me for sharing.
Check it:
Peace, Kris
May be we have to invest all our money in crypto before the banks turn their backs lol
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