🟡 The Australian bank apologized to the crypto investor — but the aftertaste remains
— Westpac CEO Anthony Miller publicly apologized for blocking $50,000 that the client wanted to transfer to CoinSpot to buy Bitcoin.
— The funds were frozen after a conversation with the security department, where the investor was literally "interrogated" about the purpose of the transfer.
— The bank acknowledged that it acted too strictly but emphasized that almost 20% of crypto transfers in March were related to fraud.
The bank had reasons, but the situation is a classic example of the conflict between security and financial freedom. The client missed the moment to buy BTC, and it is unlikely that apologies on live TV will make it any easier for him.
In a world where technology allows for freedom, the old banking system still holds the reins.
📢 Stop chasing the market — start outperforming it 💼
