They've been doing it for years with crypto exchanges. Though this isn't the start of capital controls per se, only governments can legally sanction those.

Welcome to the fun, goldbugs. Should have bought your gold at $800.

Now wait until you try to sell.

Too bad there's nothing we can do about this... Oh wait.

I suggest they purchase their precious metals on a decentralised exchange... 😉

This video clip is of Taylor Kenney from ITM Trading. Taylor is an awesome YouTube presenter. 😀👍 https://www.youtube.com/channel/UCom1i7_NVeSUNyJyuR_NbMQ

Banks blocking PM transactions 😂🤣 Only if there was a Monetary Network that's outside the Tradition Banking Network 🤔 View quoted note →

This individual needs to calm the fuck down - as you say.

Welcome to our (btc) world 😂 it has been a Kafka nightmare trying to purchase btc since day one 😂 I've had to coach many friends and family that wanted to use their money to purchase btc. It included personal visits to the bank to beg to allow them use their own money as they please. All in the name of "protecting them".

Unpopular opinion: The comments here show a lack of understanding of gold or its history. "Welcome to capital controls" from a teenage asset, lol. The bankers want to make bitcoin a reserve asset that the people don't hold and don't understand, suppress the price with military/economic intervention, then revalue it suddenly 50 years later effectively dropping the debt on the people. Call it a dumb rock or study the long game of what is coming to bitcoin. Bitcoin is not immune to the tactics that the bankers use. We need circular economies with bitcoin or we lose. Period. People will interpret this is an anti-bitcoin or pro-gold message and that fundamental misunderstanding is the problem.

My precious metals dealer accepts bitcoin but they charge a premium last time I looked compared to wire transfers.

welcome to the club, pal

Sounds like illegal discrimination to me