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Banks have been discriminating against certain behavior for a long long time. For example, I had to close my Swiss bank account (I'm Swiss) when I spent a lot

by shafyy 5y ago

Banks have been discriminating against certain behavior for a long long time. For example, I had to close my Swiss bank account (I'm Swiss) when I spent a lot of time in the US (no green card or residency there). I'm not out to defend traditional banks here, just saying that this is not something specific to crypto.

hiq 5y ago
> For example, I had to close my Swiss bank account (I'm Swiss) when I spent a lot of time in the US (no green card or residency there). For what reason? How did they know you were there?
- ur-whale 5y ago
  > How did they know you were there? Your bank knows an awful lot about you. Credit card transactions for starters.
  - shafyy 5y ago
    Exactly.
jcfrei 5y ago
Not a very good example: The reason for this is most likely because of regulators (US and CH) which create such a huge compliance headache for US-associated customers that in most cases it isn't worth keeping the customer.
- shafyy 5y ago
  Well, they can make the same argument for crypto. They don't want customers who are trading a lot of crypto, because it might lead to regulatory headaches for them down the road.