What is Going On? Three Separate Coin Shop Owners Shocked as Their Bank Accounts Suddenly Shut Down with No Reason Given (VIDEO)
https://www.thegatewaypundit.com/2023/09/what-is-going-three-separate-coin-shop-owners/
What I’m hearing is that it’s related to the cash business side of these businesses and the banks no longer wanting to deal with transacting in cash.
There are ridiculous additional regulations these businesses have to jump through to prove no fraud, money laundering, etc. But customers want paid in cash when they sell their stacks which leaves the shops with a need to have cash on hand to replenish their stocks.
What I’m not hearing is pawn shops and jewelry stores being disenfranchised in the same manner....so I’ve been slowly adding to my cash and silver stacks....mainly silver. I think they will try the digital thing early next year.
This is Bank Secrecy Act decisions. And no one can question BSA except for top managers of the Bank. Another reason to hate Bush and Cheney for pushing the Patriot Act.