I just received this text from my bank. Royal bank of Scotland (UK)

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11rx3ct/i_just_received_this_text_from_my_bank_royal_bank/ (To help keep your money safe from possible scams, we're going to set limits on payments we identify as going to cryptocurrency exchanges. From 16th March, we'll limit payments made by Faster Payments and Debit Cards to these exchanges to £1k a day (£5k in any 30-day period). Find out more at https://www.supportcentre-rbs.co.uk/payments-cryptocurrency) I […]

Why might a government want to stop you buying crypto?

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11rf97e/why_might_a_government_want_to_stop_you_buying/ The UK banks are falling into line. They mostly limit customers' access to crypto to £1000 per day. Another one announced this today. Some don't allow transfers to crypto exchanges at all. They claim this is about protecting against fraud, but this looks like a very thin argument. Doubtless we'll be hearing the same […]

Bank Bailouts Begin. Bitcoin Betters Banking.

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11ps6gs/bank_bailouts_begin_bitcoin_betters_banking/ With the collapse of Silicon Valley Bank this past week, the UK government has this evening announced planned bailouts from taxpayer funds. https://www.thetimes.co.uk/article/silicon-valley-banks-fall-is-a-threat-to-uks-tech-start-ups-sfngfjzll https://www.gov.uk/government/news/chancellor-update-on-silicon-valley-bank-uk https://www.telegraph.co.uk/business/2023/03/11/crisis-uk-start-ups-silicon-valley-bank-collapses/ We are entering a phase in the global economy, that 15 years ago, was the initial catalyst for the invention of Bitcoin. These past few days have once again […]

99.88% of money laundering transactions had been done with fiat. Yet various governments claimed that crypto is the currency for criminals.

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/11o32z1/9988_of_money_laundering_transactions_had_been/ Money laundering is nothing new in history. It is the process of converting money from illegal activities into legitimate sources. ​ Source: biv.com In a press conference at the White House, Treasury Secretary Steven Mnuchin claimed: “Cryptocurrencies such as Bitcoin have been exploited to support billions of dollars of illicit activity like cybercrime, tax […]