Bankera has gone totally crazy

[Chroft]

I would say Bankera is going down hill:

"Dear Mr.,

Thank you for using Bankera services.

To comply with rules and regulations, we want to ask you for the following additional information regarding the historical activity:

- From X to X you received X from your own account;

- From X to X you initiated X to X Exchange;

We ask you the following:

1. Kindly provide proof of your Exchange account, ensuring your contact details (name/email) are clearly visible.

2. Please include a brief description of the source of your funds for the specified period, along with any supporting documentation (e.g. invoices, agreements, payslips, and bank statements from that period).

3. Provide screenshots of the deposit address(es) for the main cryptocurrencies you currently hold (e.g. BTC deposit address, ETH deposit address, etc.).

Please provide the requested information and supporting documents by X.

Thank you in advance for your reply and cooperation.

Best regards,"

So if you pay in money from an account in your name, and move it to an exchange, they want to see what you did with it? lol.

And the next step, they’ll kindly ask for your crypto wallet seed phrase to “make sure everything matches exactly as you said.” Of course, it’s just a new internal compliance requirement they’re not prepared to discuss with you, but hey, nothing personal — they’re just following the regulator’s orders!

P.S.
Run away quickly

 

[undercover]

Bankera had it's time, you need to move on.

 

[dany]

The Bankera bank is going to be too big and lowering their risk appetite like most larger EMI's have done i.e. revolut.

 

[wonderfulboy]

Bankera had it's time, you need to move on.

The Bankera bank is going to be too big and lowering their risk appetite like most larger EMI's have done i.e. revolut.

so true, very true forget about them!

 

[cherry]

If everyone boycotted institutions demanding KYC, they wouldn't be able to do demand such information from you any more. It's your cooperation that encourages them to do this.

 

[void]

If everyone boycotted institutions demanding KYC, they wouldn't be able to do demand such information from you any more.

true
but it's a matter of personal preference... most people prefer to transact in a hostile environment over defiance and losing their business

It's your cooperation that encourages them to do this.

absolutely not... you think that banks, EMIs, exchanges, brokers, ... are doing KYC because they like it? because it helps their business? because they want to pay useless idiots in compliance departments? no... they fear the mafia and the regulations - they are victims of their own kind (not that I have any sympathies for them) and they also made a choice to obey and conduct their business instead of giving up

 

[JohnnyDoe]

true
but it's a matter of personal preference... most people prefer to transact in a hostile environment over defiance and losing their business

The business banking sector would crumble if Amazon introduces a crypto payout option.

 

[JackAlabama]

If everyone boycotted institutions demanding KYC, they wouldn't be able to do demand such information from you any more. It's your cooperation that encourages them to do this.

i agree to this notion. There is little to no resistance by way too few people. If there was more pushback in the few relevant countries, it would have never come to such a thing. After all most of such laws are just pure random and could be abolished as well.

 

[cherry]

absolutely not... you think that banks, EMIs, exchanges, brokers, ... are doing KYC because they like it? because it helps their business? because they want to pay useless idiots in compliance departments? no... they fear the mafia and the regulations - they are victims of their own kind (not that I have any sympathies for them) and they also made a choice to obey and conduct their business instead of giving up

Of course not. But if everybody boycotted institutions demanding it, those institutions would have to go back to the government and plead that they're going out of business from these regulations, then the governments would have to retract the requirements. The only reason KYC is continuing (even expanding), is because the sheep are complying.

My contempt for the sheep cannot be given justice with the mere use of words.