European Banks Explore Measure to Prevent Withdrawals

<img width=”1000″ height=”707″ src=”https://themerkle.com/wp-content/uploads/2017/07/shutterstock_373449724.jpg” class=”attachment-full size-full wp-post-image” alt=”TheMerkle European banks Prevent Withdrawals” style=”float:left; margin:0 15px 15px 0;” srcset=”https://themerkle.com/wp-content/uploads/2017/07/shutterstock_373449724.jpg 1000w, https://themerkle.com/wp-content/uploads/2017/07/shutterstock_373449724-300×212.jpg 300w, https://themerkle.com/wp-content/uploads/2017/07/shutterstock_373449724-211×150.jpg 211w” sizes=”(max-width: 1000px) 100vw, 1000px” />With cryptocurrency and decentralization on the rise, banks and other financial institutions find themselves in an awkward position these days. This is especially true in the European Union, where many experts feel there will soon be another bank run. To counter this threat, some EU states have been contemplating measures that would prevent bank customers from withdrawing money from accounts. These temporary “freezing” measures may go into effect very soon. New EU Directive Could Freeze Bank Account Withdrawals Most people who have bank accounts think they still control the money stored in them. That is not the case, as the bank retains full custody of the
Source: bitnewz
European Banks Explore Measure to Prevent Withdrawals