| submitted by /u/StoneHammers
Venezuela's Maduro is exemplifying how the banking system can be weaponized for political purposes. Political oponents and millions of people simply leaving the country to avoid starvation are finding access to their meager savings blocked.
This can happen, will happen, in many other countries. It is the logical conclusion of the cashless society… unless Bitcoin wins and gives people their monetary sovereignty back.
The most recent round of China's crypto crackdown has continued, with the Alipay mobile payment processing service banning accounts that are …
Google Alert – bitcoin
Bitcoin is an open ecosystem, and open protocol, meant to free people and their money.
Coinbase, the largest Bitcoin exchange, just gave Bitcoin's openness a giant middle finger by banning Gab, the free speech social network, from their platform.
Bitcoin is supposed to be anti-censorship. But it can't be that if the on-ramps into Bitcoin are controlled by biased gatekeepers who ban people they don't like.
And worse yet, they're setting a precedent that other bitcoin businesses may follow. How long until you get banned?
If you agree this is a dangerous precedent to set, contact @coinbase on Twitter and let them know won't be using them unless they reinstate Gab's account.
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations.
Also Read: Israel Tax Authority:…