Comment on What would happen if everyone moved there money from traditional private banks to credit unions/ coop banks

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shortwavesurfer@monero.town ⁨5⁩ ⁨months⁩ ago

I’m going to answer the last part of the question, banks and credit unions and these institutions absolutely can, will, and do limit withdrawals. When you don’t physically hold your money and it is in an institution, it is no longer your money, it is an IOU with conditions that can be rescinded at any time for any reason.

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