This has been a story drifting around the internet the last few days. The victim was Elitoohey.He refined on the situation in a Reddit post, saying the bank begun by asking him questions about recent bitcoin purchases.
The banker required to know why he was buying bitcoin. The bank appeared to be concerned about him buying and keeping the digital currency. They teased him about his investment and pried into his business.
Toohey said, “He urged me to confirm a couple transactions then asked, ‘For what goal are you buying Bitcoin?’ he saw Coinbase and Xapo transactions. I informed him I wouldn’t answer, he then asked ‘What are you operating to do with the Bitcoin?’ I again told him I wouldn’t answer.”
The banker went on to tell Toohey that their protection team would “exit the relationship” with him if he did not present them with information. Under their threats and pressure, Toohey relented. He presented them with information because he seems to not want to close his account and switch banks.
I complied and told him for investment purposes hoping to avoid wanting to switch banks. He said he remembers that might satisfy them but that PNC Bank wants nothing to do with Bitcoin.
This story crops up as more news surfaces of bankers and well-known investors voice attention about bitcoin and cryptocurrency. They are always calling it a fraud as with the case of Jamie Dimon or talking about how it is a balloon ready to pop in the case of Ray Dalio.
However, since some users in the cryptocurrency ecosystem believe bitcoin will threaten banks, it seems logical that bankers are forcing back against the technology.