A few days ago on Twitter a user published a screenshot relating to a chat conversation he had with a Unicredit official, in which the customer was threatened with account closure if he moved money from his current account to any exchange, to buy Bitcoin, NFT or some other cryptocurrency. That chat was not the result of a misunderstanding , as some obviously biased national newspapers tried to make people believe, ... unicredit_declares_war_on_bitcoin ...but it is the result of a precise internal policy of Unicredit which does not want to have among its ranks customers who have anything to do with the crypto world. unicredit declares war on bitcoin In fact, on Unicredit's official.
Twitter page we can also read this other post Brazil Phone Number where the bank responds to another user by clearly saying that '' the Group's current policies PROHIBIT relations with counterparties issuing virtual currencies or acting as exchange platforms ''. unicredit declares war on bitcoin In short, if you want to buy cryptocurrencies, or NFTs or invest in the world of the future, which is the Metaverse, or you want to take advantage of the stratospheric annual interest that is paid in the Defi or CeFi world, you certainly cannot do it if you have an account at this bank. These threatening Tweets refer to mysterious internal policies that no one has had the privilege of reading at the moment. In fact, in the contract you sign to open an account on Unicredit, there is no mention of these limitations.
Beyond the wave of anger from Unicredit users, who let off steam on Twitter with a real shitstorm under those posts, it is clear that we are faced with a significant problem, for now limited only to Unicredit, but which could also infect other credit institutions. Let's see point by point the things that are wrong: The ownership of money The first issue to raise is that relating to the ownership of money. If the money of Unicredit customers, deposited in their current accounts, is the property of the customers themselves, what right does the bank have to decide whether the latter can or cannot use that money to buy, for example, digital goods? The bank, unfortunately, has the right to do this because the money in the bank accounts is not the property of the customers.