I recently applied for a business bank account for my company, as it’s a requirement before starting an AB in Sweden.
The bank contacted me to inquire about the type of consulting services my company would provide. I explained my role in our Software development process, our customer base, and other details—despite feeling this wasn’t to the bank’s concerns. The representative listened, audibly nodding, as I spoke for 15 minutes. Then, he simply asked, “But you won’t be involved in any cryptocurrency-related activities, will you?”
His question instantly reminded me of an experience four years ago when the same bank subjected me to cumbersome AML procedures simply because I transferred a significant portion of my salary to cryptocurrency exchanges. Ironically, around that time, this bank launched its own blockchain project, which ultimately faded into obscurity. They were also fined billions of kronor for facilitating money laundering.
I assured them that my company would not engage in cryptocurrency activities or operate miners under its name. The next morning, I received an email instructing me to transfer my share capital to the new business account.
I guess i will not buy my BTC Prague Ticket tax deducted this year.
Fuck. They still don’t get it. I only want to be independent, yet even private institutions try to tell me what i can and can’t do.
We are still so early. Bitcoin, not Blockchain.
The only thing scarcer than Bitcoin is time.
AB: Aktiebolag
AML: Anti-Money Laundering
DINO: Decentralized in Name only
