Why is it so hard to move your own money?

Have you ever tried to withdraw or transfer $10,000 (or the equivalent in euros) from your bank in France? If so, you’ve probably realized it’s not as simple as you’d expect.

First, you need to justify the origin of the funds. Even though it’s your own money, the bank will ask where you got it, why you're transferring it, and to whom. Then come the delays—your transfer might be blocked for several days or even refused without explanation. And let’s not forget the fees, which can be outrageous, especially for international transfers.

But the worst part? If your transaction is deemed “suspicious,” it can be reported to Tracfin, the financial watchdog. At that point, your funds could be frozen, your account investigated, and in some cases, even shut down without warning.

Ask yourself: who really controls your money?

This is where Bitcoin changes everything.

With Bitcoin, there’s no need to ask for permission. You can send or receive any amount, to anyone, without intermediaries, without justification, and without censorship. No matter where you are in the world, your transaction is confirmed within minutes, often with much lower fees than banks.

In a world where financial institutions are becoming increasingly restrictive and intrusive, Bitcoin offers a free, open, and censorship-resistant alternative.

So the real question is no longer "Why use Bitcoin?", but rather "Why keep depending on banks?"

#BitcoinFixesThis

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I can confirm that it is happening to me right now with french bank BNP PARIBAS. Even though the source of my funds in the aforementioned bank account came from my salary working for a french public company, BNP compliance department is asking me for the justification of almost all the wire transfer I performed in 2024, for amounts starting in 2000 eur. There are 2 sides of this coin: 1) privacy matters, if the bank already knows that my source of funds is legit, why they need to know where I am spending my money? 2) the sense of urgency: they asked me to answer they request with only 48h to look for the requested info, as if I don't work and I have all the time available to answer they request. It seems that instead of me being their client and instead of BNP using my liquidity for their interests according to fractional reserve banking, they are my clients.

Conclusion: keep staking sats, signals show that banking stuff is getting worse.

P.S. attached you will find the proof of their requests...

very annoying and irritating this thing. despite the fact that they already know the origin of the funds, they still want to waste your time, it's really not worth it with this stupid system.

That's it... And I just shared one email regarding their compliance request, but I have more...

On top of that, they are asking for my accounts movements regarding other European banks ... an absolute abuse, right?

Also, they don't even know how crypto exchanges work... Meaning that I cannot share movements of my crypto exchange IBAN deposit account, since it's a bank account only for depositing FIAT to the exchange, you cannot transfer funds to other people.

What is clear is that European politicians are not protecting our rights, so we must proceed ourselves.

yep, the problem is not solved with BTC only, they catch you back with the same shit went you try to convert back to euros.

The cold truth is that when you deposit your money in a bank, you are really lending it to that bank, so in reality it stops being your money.

Customer’s deposits are in the liabilities side of the balance, because they owe it to you.

Italian laws states clearly that when you deposit money to the bank, that money becomes property of the bank

What a surprise. The corrupt state writing laws at the wish of the Lords.