Australian Banks please allow us to use OUR money however we see fit
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To whom it may concern,
We, the people of Australia, request that all banks in Australia allow us to use our own money how we see fit.
The recent attacks on the cryptocurrency industry is not acceptable. At least three of the big 4 banks are already involved in at least one cryptocurrency namely Westpac, Commbank and ANZ, but they are trying to restrict us from doing the same.
The stance Australian banks have taken on this industry are purely based on their desire to control any financial market and limit competition.
In our current society we're able to withdraw any amount, walk into a casino or lottery agent and gamble the entire amount away to nothing, but we cant invest in something that can be extremely profitable. That's a tad oxymoronic isn't it? Admittedly it is high risk; as are all forms of legalised gambling that are currently destroying our society.
These are investments and are only growing in value. The big question the banks should all ask themselves is this. When Australians do start to withdraw large investments returns; are we viewed as a supportive and appealing bank for customers to enable this to occur?
Australian banks - update your T&C's to include the acceptance of liability when dealing in the cryptocurrency market lies solely with your customers. Then stop dabbling in our affairs
Aussies - If you want to boycott the banks sell your shares, withdraw all savings from your accounts and notify the bank why.
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