
My Swiss bank blocked my attempt to buy CHF 1,000 of Bitcoin. Reason? "For your protection. Transactions involving cryptocurrencies carry significant risks, and we’re unable to process this payment." The same bank is perfectly happy to offer credit cards charging around 12% interest and other forms of consumer debt. So risking CHF 1,000 of my own money is considered irresponsible... …but taking on tens of thousands of francs in interest-bearing debt is a perfectly acceptable financial decision. Interesting how "protecting customers" seems to depend on which financial product you're choosing. 🤡🌍
