Indian banks to block the accounts because of bitcoins. What caused it?
Source:
In social media there are more reports that Indian banks threaten its customers with suspension of the account. This is due to the fact that customers allegedly used the Bank account to buy BTC. Think this is one of the final chords of the banking industry in a country where cryptocurrency can fall under a complete ban.
On Friday January 11, founder and partner of Morgan Creek Anthony Pompliano wrote in his Twitter, citing a source in India. And in a statement, banks says that the account may be closed without notice. As written by Bitcoinist, for the first time about the problem mentioned Twitter user from India under the name CryptoGirl.
Banks in India are now saying they will now close customers' accounts if they deal in cryptocurrencies.
These legacy institutions fear what they can't control, but people should be allowed to do whatever they want with their wealth.
Long Bitcoin and Short the Bankers!
— Pomp
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