Wyre Announces Withdrawal Limits as Crypto Firm Navigates Crypto Winter

[NoahA]

no questions asked.

I highly doubt this part. In Canada, I think any deposit over 5k is scrutinized. With a million bucks, you will need to answer to the anti money laundering police. The funny thing is that criminals know what to do and it's probably legit people they ensnare.

 

[johnarb]

I did not lie at all, I never made a claim about the time it takes to make a fiat transfer. I called out a false statement that fiat currency of ANY amount cannot be immediately taken out of a bank account.

Look at your childish post, you are basically staking your life reputation and life savings on a first-world problem that has already been solved, as if people can't make a transfer during business hours or can't wait a day or two for the transfer to have gone through. That is the benefit cryptos have to offer? And in exchange I need to risk have ALL of my cryptos hacked and stolen without the slightest regulatory oversight? Sorry brother, but no thank you, I take that extra day to transfer funds and go to the bank during business hours, lol.

Go back into your cave, at least back there you were honest when you stated that cryptos are speculative instrument for gamblers and preppers.

Ok, I'll leave you alone, but a couple of things

I'm sure that you are aware that the minute you deposit $1M to a bank, the money belongs to the bank and they issue you an IOU, hence the little hoops that you have to go through when you want to access it, i.e. paperwork, which they can deny for reasons that your transaction is suspicious in nature

So you say that $1M worth of bitcoin in a local wallet can be hacked, won't try to convince you this is false, but just so you know, to the point above where you have your entire savings in a bank you are subject to a bail-in or seizure so it's not as safe as you describe. You can research what happened in Cyprus and Lebanon, and there are others out there

Well can't happen to Canada where rule of law is one of the best in the world and then you realize they had the Emergency Act that basically got all the rich Canadians spooked started withdrawing huge amounts from the Canadian Banking system that the Canadian idiots in power reversed that stupid move and could not work fast enough to return and unfreeze all the funds, haha

And Canada is about to have a national ID to track every single Canadian, yup, good luck with all your financial transactions, hope you're always ESG compliant and don't say anything bad on social media and stuff

Money in the bank is not risk-free

Bitcoin is the hardest money in the world, censorship-resistant and cannot be seized by the government well, just don't tell them and they torture you

Bonus: you didn't say how much $1M transfer from Canada to Hong Kong but maybe it's 100 basis points?

 

[M.W.]

Nobody has to answer to anyone. If you are not a criminal why should I be afraid if my transfer is being recorded? Knowing other large payments and transfers being reported at least allows the government to pursue money laundering and illicit cash flow transfers.

I have transferred millions when I moved to Canada and never got a call or visit. So I did not get "ensnared". Must be a painful life to have to walk around with a tinfoil hat. Hope you regularly massage that neck of yours, that little head of yours must be getting heavy. That's almost on the same conspiracy shit level as if I claimed you and JohnB must either be one and the same person or two closet homos given you virtually like EVERY single of each other's posts.

I highly doubt this part. In Canada, I think any deposit over 5k is scrutinized. With a million bucks, you will need to answer to the anti money laundering police. The funny thing is that criminals know what to do and it's probably legit people they ensnare.

 

[M.W.]

I don't live in Lebanon or Cyprus but thanks for your worries. You should perhaps shill your cryptos to those folks.

And I don't besiege cities and occupy the government and terrorize inhabitants of cities so I am not worried to get my deposits frozen. To my knowledge though, not a single trucker lost a penny, all the frozen accounts were fully restored and returned to them. So, sorry this does not worry me whatsoever. But it makes for excellent PREPPER and tinfoil read.

Ok, I'll leave you alone, but a couple of things

I'm sure that you are aware that the minute you deposit $1M to a bank, the money belongs to the bank and they issue you an IOU, hence the little hoops that you have to go through when you want to access it, i.e. paperwork, which they can deny for reasons that your transaction is suspicious in nature

So you say that $1M worth of bitcoin in a local wallet can be hacked, won't try to convince you this is false, but just so you know, to the point above where you have your entire savings in a bank you are subject to a bail-in or seizure so it's not as safe as you describe. You can research what happened in Cyprus and Lebanon, and there are others out there

Well can't happen to Canada where rule of law is one of the best in the world and then you realize they had the Emergency Act that basically got all the rich Canadians spooked started withdrawing huge amounts from the Canadian Banking system that the Canadian idiots in power reversed that stupid move and could not work fast enough to return and unfreeze all the funds, haha

And Canada is about to have a national ID to track every single Canadian, yup, good luck with all your financial transactions, hope you're always ESG compliant and don't say anything bad on social media and stuff

Money in the bank is not risk-free

Bitcoin is the hardest money in the world, censorship-resistant and cannot be seized by the government well, just don't tell them and they torture you

Bonus: you didn't say how much $1M transfer from Canada to Hong Kong but maybe it's 100 basis points?

 

[The_Krakenite]

I was right in Ottawa when the emergencies act was used again to do something like... go after Bitcoin. What a circus.