fbpx
Connect with us

The Daily Sheeple

Crypto Crackdown Begins: Bank Threatens To Close Customer Account Because Of Coinbase Purchases

Apparently, as is often the case with governments and banks, they’re the only ones that know what YOU should be doing with YOUR OWN MONEY. And they’ll shut down your account if that’s what it takes to make sure you’re protected.

Economy and Finance

Crypto Crackdown Begins: Bank Threatens To Close Customer Account Because Of Coinbase Purchases



Published on

It appears that the cryptocurrency crackdown by financial institutions has begun. After months of mixed signals from governments around the world regarding regulations, Lakestone Bank and Trust customer Jordan Spencer took to Facebook to post a letter he received on December 14th threatening to close his account for a policy violation.

What violation, you ask?

According to the letter (pasted below), Spencer has been utilizing the widely popular Coinbase website to make cryptocurrency purchases and deposits tied to his personal bank account. This, says loss prevention officer Louise Vermillion,  is a policy violation that needs to be “discontinued immediately.”

Continue reading to view the full letter…

Delivered by The Daily Sheeple

We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).

Contributed by The Daily Sheeple of www.TheDailySheeple.com.

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Continue Reading
You may also like...
Related Topics:

This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.TheDailySheeple.com.

Click to comment

More in Economy and Finance

Advertisement
Top Tier Gear USA
To Top