Are the banks guilty of this? We are seeing a tug-o-war between the existing banking system and the alternative that is being set up through cryptocurrency.
There are a series of articles stating how Justin Sun had a bank account closed by Bank of America for no apparent reason other than his involvement in crypto. This was on the heels of the ex-CFO of PayPal who had his account closed by BoA.
Could this be a move that shows the arrogance of the bankers? Are they too confident in their position?
Cryptocurrency provides a legitimate threat since it covers what 90% of the people use a bank for.
