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temporarily. Paypal sometimes withholds funds to check some transactions. They are legally a bank in europe.
by cblconfederate 5y ago
temporarily.
Paypal sometimes withholds funds to check some transactions. They are legally a bank in europe.
- JumpCrisscross 5y ago> temporarily A bank temporarily halting withdrawals may not be shut down, but it would be massively fined.
- cblconfederate 5y agohttps://www.reuters.com/article/us-eu-banks-deposits-idUSKBN1AD1RS https://www.reuters.com/article/us-eu-banks-deposits-idUSKBN... https://www.investopedia.com/articles/markets-economy/082316/3-reasons-banks-can-freeze-your-account.asp https://www.investopedia.com/articles/markets-economy/082316... https://www.irishtimes.com/life-and-style/homes-and-property/spanish-banks-freezing-foreign-accounts-1.940940 https://www.irishtimes.com/life-and-style/homes-and-property... Anyway , i ve been burnt by banks enough in the past to know that binance is better than banks. I can't be preached about it.
- JumpCrisscross 5y agoRight, public consultations by governments to consider it. Versus the banks just doing it.
- marcofatica 5y agoBanks halt funds every day, when they close for business at end of day. ATMs are available but can be out of order or out of cash. Binance is open 24/7 and maintenance that requires downtime has to happen at some point
- jtbayly 5y agoFor all its users At once?
- cblconfederate 5y agono, except catastrophic situations like bank collapses or when the EU decided to close the banks. It also can happen in various countries around the world. Then again, binance is an exchange, not a bank, and exchanges do halt transactions. Some companies even freeze people's buy buttons, and go unpunished.