When your product is inferior and you have been protected by a monopoly on force for your very existence, why not resort to strong-arm tactics instead of competing to make customers happy?
Those who are buying Bitcoin from exchanges are having their funds frozen with banks citing "security risks".
You can argue that Bitcoin isn't a currency. You can also argue that bitcoin is the the 6th largest currency in the world. Either way, Bitcoin and crypto has already won and resistance is futile.
Source: https://www.zerohedge.com/news/2017-12-30/australian-banks-reportedly-freeze-accounts-bitcoin-users
Lucky Im with HSBC Australia,
You can count on HSBC not to worry about money laundering
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LOL. What business is it of theirs? The same reason people are going to crypto is the reason the banks are freezing accounts: predatory behavior disguised as mandatory moralizing for all.
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What is a "prawn horn" anyways? I know what prawn is.
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