COMMENT: Marty, you’re article about using digital tools to control our spending was spot on. Just this week, I had a situation with Coinbase where they would not let me transfer my USDT (Tether) out to buy something!
I had uploaded $12,000 in good U.S. funds from my bank account and then made the trade into the cryptocurrency. After that cleared, I tried to make the transfer out and they sent me a bunch of questions about fraud risk, which I answered. And then, once they determined that I’ve been a customer since 2022 and have had no issues, they still blocked my transfer. They weren’t familiar with the site I was sending the crypto to and didn’t approve it. They said that I could make the transfer after May 2nd. This was on April 2nd. I tried to appeal, but they said, ” No, that the decision is made by the computer, and there’s nothing they (a compliance person) could do.
I removed all my money, closed my account, and opened one on another site. Hopefully I won’t have the same trouble.
Jay
REPLY: This is the new world. Your money is under scrutiny. We are being drive back to barter. I’ll give you a can of beans for corn.
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