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People can do what they want with their money. In this case, they can move their money to one of the many banks who don't place restrictions on transactions. T
by edent 4y ago
People can do what they want with their money. In this case, they can move their money to one of the many banks who don't place restrictions on transactions.
The beauty of the free market is that people are free to move their custom. And businesses are free to set the limitations necessary for profitable enterprise.
Some banks have decided that the risk to having to support customers who engage in risky behaviour is too high. There are literally dozens of free banks in the UK, and it is incredibly easy to switch provider.
- clnq 4y agoIn theory. I have lived in a country where all banks banned crypto exchange payments.
- selfhoster11 4y ago> In this case, they can move their money to one of the many banks who don't place restrictions on transactions. Voting with your feet doesn't work. Moreover, banks or credit card processors shouldn't be the arbiters of what you should be allowed to spend your money on.
- shapefrog 4y agoOf course it does - I have had banks close my accounts as they did not want to be associated with me. I opened accounts elsewhere and carried on. I am free to do my business, they are free to not take my business. We are all free.