Restrictions Worldwide Show Why It’s Vital to Be Your Own Bank

As capital controls and banking restrictions continue to affect various populations worldwide, standing in the way of individuals and their hard-earned savings, some are looking to safer options and even cryptocurrencies. Lebanon, Zimbabwe, and India are just a few of the countries to deal with centralized restrictions on access to money in recent times, but anyone that’s ever had to so much as wait in a long line at the bank knows that when it comes to your money, the more direct and immediate the control, the better.

Also Read: ‘Zimdollars’ Issued for First Time in Ten Years Amidst Continued Hyperinflation

Bad News Banking

Recent headlines involving major banks have showcased a fact perhaps few would like to face: when it comes to your money in the bank, the bank ultimately has the final say. Roelof Botha, former CFO of Paypal, announced on Twitter Monday that his 20-year banking relationship with Bank of America had been abruptly cut short by…