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Re:Why Banks Are Suddenly Closing Down Customer Accounts by TheHiddenSun on Sunday November 05, 2023 @08:38PM (#38157796)
100% agree.

Crypto today is the only way how you can take control of your own funds.

What use is the money in your Bank account if the ruling political party can label you an ultra-right extremist and retroactively lock all your money down, just because of a single 1$ donation you did to a cause you believed to be right, like Canada did?

Re:Why Banks Are Suddenly Closing Down Customer Accounts by seattle_spring on Monday November 06, 2023 @12:45AM (#38159297)
No one had their accounts closed in Canada purely based on a donation.
Re:Why Banks Are Suddenly Closing Down Customer Accounts by mattdesl on Monday November 06, 2023 @06:11AM (#38161081)
There were a number of reports coming from conservative MPs of this very thing happening. Regardless of the veracity of their claims, the financial systems in place were able and prepared to do this, before the measures were lifted.

> Even a $20 donation to the Freedom Convoy after Feb. 15 could result in the donor’s bank accounts being frozen, a Commons committee heard Tuesday.

https://nationalpost.com/news/politics/even-small-donation-t...

Re:Why Banks Are Suddenly Closing Down Customer Accounts by shakow on Monday November 06, 2023 @08:37AM (#38162394)
So what justified closing their account instead?
Re:Why Banks Are Suddenly Closing Down Customer Accounts by a1369209993 on Monday November 06, 2023 @12:58AM (#38159364)
> can label you an ultra-right extremist and retroactively lock all your money down

Nitpick: about half the time (on sufficiently long term average), they'll instead label you a ultra-left extremist (most infamously anti-COMINTERN initiatives in the 1930s-1950s, but it tends to wobble back and forth depending on what's politically convenient).

Re:Why Banks Are Suddenly Closing Down Customer Accounts by Aerbil313 on Monday November 06, 2023 @06:29AM (#38161188)
> Crypto today is the only way how you can take control of your own funds.

Well, digging a hole in the forest and storing money there technically remains an option.

May be more viable than crypto for certain rare use cases.