Some English bank says you should control your own crypto, as they take unprecedented control over your money


And just like that, a new hypocritical saying was born "Do as I say, as I undo what I say."

“NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions: "You should always have sole control of your cryptocurrency wallet and nobody else should have access"...NatWest is known for cutting all credit and debit card payments to the Binance crypto exchange in 2021...On March 14, NatWest introduced major restrictions on payments to cryptocurrency exchanges, imposing daily and monthly caps for such transactions...The bank has also imposed a 30-day payment limit of 5,000 GBP ($6,080)."

OK, so 5000 Pound a month is still 60.000 Pound a year, which is better than what Canada imposed nation wide last year. Well, sort of nation wide, as someone in the comments accurately explained it is based on regions/provinces which is why certain ones are exempt. But isn't there a contradicting issue regarding the law in NatWest's case? Can banks now make up their own rules and laws regarding people's money? This NatWest bank is like a meme-machine because just like that, another saying is born: "Let me issue and control a nation's money, and I still want to write the laws."

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I think it's a genius move and great idea of them to do this precisely now, in a time banks are falling left and right and people are seeking refuge in Bitcoin. Or could it be that this is precisely why they are doing this now?🤔 Gawd I hope this restriction NatWest bank imposed creates the ultimate meme in a few weeks/months: "English bank that restricted crypto accelerated it's own demise". Time will tell I guess😉⌛️

Anyways that covers that, not much else to say about the crypto-world I guess. Bitcoin is trying to reach the 30K line, Binance is being sued again, MicroStrategy bought some more Bitcoin and TORN developer Alexey Pertsev is still in a Dutch dungeon under trumped up charges for writing a code.

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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