On today’s episode of The Cryptoverse:
UK bank Barclays has suspended the account of local cryptocurrency news resource Coinjournal without warning or explanation, it emerged today.
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Sources:
[The Original Article On Bitcoin.com](https://news.bitcoin.com/barclays-declare-war-bitcoin/)
[Coinjournal Tweet 1](https://twitter.com/CoinJournal/status/791610562719481856)
[Coinjournal Tweet 2](https://twitter.com/CoinJournal/status/791326014718828544)
[Dictionary.com Definition of Tyranny](http://www.dictionary.com/browse/tyranny)
[BitPay Offers Financial Services to RT Following Bank Account Freeze (The Cryptoverse #124)](https://www.youtube.com/watch?v=1tuEkflvLrg)
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Video Rating: / 5
I would just take my business elsewhere, there are no shortage of banking services in the UK.
If the bank or banks closed your account and did not release your currency ( no matter the issue unless seized by goverment ) that you have stored in the bank , you should consalut with an international attorney , if there is more than one client of the bank that has the same or similar issue an class action suit and private law suits should be filed on various base grounds of vendiction in of belief of vendetta & customer client use of fund privilege etc. { " I am not a lawyer but i am aware of law basics " }
Banks are run by tyrants so it makes sense.
This is not tyranny, we don't need the banks to get into Bitcoin, you simply buy your Bitcoin with silver and gold or other valuable items, or buy someone's groceries who pays you for them in Bitcoin, it's very simple.
Haha, should I expect Barclays to close my account sometime soon? Wankers! I would rather not deal with any of the banks, but like just about everybody else, I do not have a realistic choice at the moment. I have been an expat for the past 10years and get severely spanked every time I spend a £ or $. I dread to think how much money I have lost to these thieving organisations in that time. But then again, I use the Kraken exchange, entirely due to my location, and they change my £'s or $'s to Euros, only to then, change it back to $'s again, so I get spanked again with them. Just saying!
This is extremely concerning. No logical reason and no warning. Barclays is going to regret the fallout from this decision.
I've not used them but FidoBank is meant to be bitcoin friendly https://www.fidorbank.uk/
Here's an old article about them https://bitcoinmagazine.com/articles/bitcoin-friendly-fidor-bank-expands-united-kingdom-1430424936
If you do try them out, let us know how it goes, Thanks
Get an xapo account and get an xapo debit card and spend bitcoin …. you can transfer your fiat currency to your xapo account to without having to exchange it for bitcoin .. xapo is a good place to store your currencies … move money to xapo before banks even have chance to close your account …
Have accounts spread out over multiple banks. As each gets closed over time, look at bitwage and sites like livingroomofsatoshi for bill payments (dependent on your location).
"Ignorance is no excuse of the Law" !!!!!!!!!!!!
Either in the case of any bank customer or in any adult interaction with another.
One may not consider one's self – & should not put it about that one is – an adult unless one conducts his or her business in a 'fully informed' & fully responsible manner.
Bank customers should read all of the fine print before entering into a fiscal relationship with them, & no one should enter into a sexual relationship with another – or indeed any kind of relationship with another – without both, all parties KNOWING quite explicitly the 'rules of the game' & when they have broken them.
It's craven stupidity to blame either one's girlfriend or one's bank for breaking the rules if the injured party doesn't even know what happened.
Again, 'adults' know what is happening to them at all times – & they also know who is to blame for any injury or damage. Adults also establish enabling provision/s for all & any breaches of contract & how to institute fair & equitable remedies such that all parties find equitable settlement of aany dispute etc.
That being said, as things stand today it is absolutely impossible to enter into an equitable contract with any present government or corporation or any other institution today. Not only are all openly criminal in their everyday conduct of their business & at every level but our courts are equally criminal making it impossible to renegotiate or seek remedy with any one in anything like an equitable manner.
FORTUNATELY the alternative news & information sites scattered about the internet are providing a very great deal of very much needed enlightment on just about every subject imaginable – that is to say, greatly assisting in enabling the citicenry to become 'fully informed' & thereby enabling us to act in a fully adult, fully responsible fashion.
Bravo, Cryptoverse – keep up the good work.
First they ignore you then they laugh at you then they fight you then you win.
I'm across the pond" but so far my bank has been OK with my bitcoin activities. I have coinbase linked to my checking account and I'm able to buy bitcoins twice a month when I get paid. I like the Coinbase debit card and that's how I pay for most things around town. Online I try to buy with bitcoins directly, or Purse or if all else fails I use the bitcoin debit card.
Yeah I've been subjected to that passive aggressive BS from women. That's part of why I refused to marry (thus becoming a MGTOW). I made that decision 19 years ago back in 1997. There are other reasons of course, such as seeing so many of my friends and my fellow mechanics get totally brutalized by the family court just because their wives got hot for another guy. It's wrong for a woman to just detonate the family on a whim as happens so often these days. That makes marriage (in my opinion) too dangerous and unstable a structure to be worthy of investing my entire life into.
It's not all bad though. After 19 years on the MGTOW path I've adjusted my life and my finances to maximum efficiency. Got a nice house on a half acre, cool truck, decent car, my only debt is 54k usd on the house mortgage, just over 50% of my income is surplus (sometimes wasted eating out but usually just gets dropped into bitcoin then into cold storage).
One of the things that attracted me to bitcoin was that it gives a man the ability to store wealth in a way that's highly resistant to government seizure. So many of my friends have had their bank accounts drained by their wives and they family court system and then they have to struggle to get a tiny apartment by borrowing money from family or friends just to get a place that's inside and reasonably secure. If these men had bitcoins however, they'd have something to fall back on and something that they could use to restart their lives with after the catastrophe. A lot of my fellow men live with the constant instability and danger of the family court just draining their checking account, even years after their divorce, and then all their checks start bouncing and the resulting fees brutalize them.
If I were in that situation I would have part of my wages direct deposited into bitcoin (using a service like bitwage) and then if my checking account were drained I could still pay my bills using "bill pay for coins". They charge a 2 percent fee so it's more expensive than the online bill pay feature of my checking account but if the banking system were that unstable and undependable for me, I would use that service.
Bitcoin adoption is growing dramatically within the MGTOW community and I'm doing what I can to promote it (even though I only have 4200 subs).
I also think all married guys should have at least a few bitcoins as an emergency fund in case their wives get hot for another guy and kick them out of their family.
MGTOW!
Respectfully, Cryptoverve, 'tyranny' applies only to the manner in which those who are governed, are governed. It is applicable only to governments – to those having the sanctioned use of the power of guns over those under their governance.
Evaluations of all other interactions between persons is to be based on their rectitude as to 'contract law/common law'.
Yes. It may sound like Barclays 'arbitrarily' & punitively broke their contract with the local cryptocurrency user, but it is more likely that whatever alleged 'contract' the latter had signed onto with the bank was an invalid, fatally flawed, one to begin with as it most likely had 'provision' in it for the bank to unilaterally terminate the contract without reason, equity or compensation.
Again, respectfully Cryptovervse, may I insist that one in your position – that is to say one providing information & anecdotes about currency, governance, morality, philosophy & finance – would be well advised to know & understand the distinctions between 'contract law', 'common' or 'natural law' &, yes, the wholly unconcealed tyrannical governance under which we all so ignorantly & cravenly operate today vis a vis our own governmental bodies, the latter being that which with unconcealed & unabashed most blatant & heinous tyranny forces us at the points of their 'sanctioned' gun use to subject ourselves to their heinous criminality – to the lying, cheating, stealing, raping, maiming & killing – wantonly perpetrated on us by the Fascists in power – the politicians, banks & corporations 'above' us.
Girlfriend bit- Amen Brother! 😛
close all accounts in Barkleys
Sorry, meant this link. https://blockpay.ch/
Use BlockPay https://blockpay.ch/wp-content/uploads/2016/07/google-play.png
Worrying!… and frankly really disturbing.
Since when are we dictated as to how we spend our hard earned fiat if it is done so lawfully?
Tyranical is definately the right word – Can you imagine if they kick you out of the banking system all together!
I hope and suspect that there is more to this story than we are being told.. if there any evidence or history of smear campaign directly against the banking instituitons which are deemed a threat then there is a conflicting interest..? As a business i would stop providing a service to a customer who was in turn promoting a smear campaign against me and my industry. i could just about understand wanting to distance themselves from that and suspect this is the real issue..
There must be more here than meets the eye… barclays have specifically been in the FT earlier this year championing circle
https://www.ft.com/content/edf0652e-fb3c-11e5-b3f6-11d5706b613b
https://www.quora.com/What-is-Barclays-official-policy-on-account-holders-sending-and-receiving-wire-transfers-to-and-from-Bitcoin-exchanges
Here is a link to the Financial Ombudsman and what they have to say about the matter:
http://www.financial-ombudsman.org.uk/publications/ombudsman-news/48/banking-closing-accounts.htm
If someone has their account closed adaquate time notice will need to be given or the bank will potentially have to pay damages. They can always open up another offshore account or hire an accountant to come up with some legitimate avoidance of the issue.
Bitcoin is a threat to the banks so it's in their interest to delegitamise it
nice content , i actually dont dare to link my Card with crypto incase that happens ^^
what about an Xapo account ? dont you get an IBAN number and stuff like a genuine account ?
Haha 👍🏼