Either explain the source of funds or freeze the account. Bitcoin users tell their own stories of being scammed

Although the American bank PNC claims that it "does not want to have anything to do with Bitcoin", it has been accused of threatening to close accounts in order to force users to explain why they bought Bitcoin.

The news comes via a story circulating on social platforms that has caught the attention of the cryptocurrency community.

Netizen u/EliToohey has an account at PNC Bank. On Thursday, he recounted the process of the bank contacting him and PNC asking him to explain the reason for purchasing Bitcoin from exchanges such as Coinbase and Xapo.

His post mentioned:

I have had a PNC bank account for 15 years and they just called me to verify unusual activity.

The other party asked me to confirm several transactions and explain the reason for purchasing Bitcoin.

When he refused to reveal the reason for buying the coins, the bank representative threatened to close his account.

I told him I wouldn't answer that question, and he asked me 'what do you want to do with Bitcoin'.

I still refused to answer. He then said his security team told him that if they didn't get a satisfactory answer, they would 'end their relationship with me.'

Since the relationship between banks and cryptocurrencies has always been tense, this kind of drama often happens in the cryptocurrency circle.

Threatening Bitcoin users and suddenly freezing accounts is not just happening in the United States. Barclays Bank in the UK is considered the "Bitcoin offender" with the most contradictory and intense reactions.

Banks’ attitude towards Bitcoin and bankers’ belief in the superiority of fiat currencies have become a laughing stock among cryptocurrency investors, with JPMorgan CEO Jamie Dimon once asserting that Bitcoin is a “fraud.”

The supply of fiat money is unlimited, entrepreneur and commentator Tuur Demeester tweeted on the topic on Wednesday, citing comments from the Federal Reserve.

Imagine if Satoshi Nakamoto wrote in the white paper: 'The money supply of Bitcoin does not matter at all'. What would the situation be like?