Our latest community call was on debanking. Why Bitcoiners in Europe keep losing bank accounts, and what actually reduces the risk.
Highlights from the call 👇🏻
Prashanth (nprofile…xmf7) walked through why debanking is happening to individuals and businesses across Europe; watch the full talk:
https://primal.net/e/nevent1qqsv790mkl5n0ytvexgc928xdr0zqx9y2wylvvp3ht602klw9xpfzcgzkygzd
Banks aren't debanking you because they think you're a criminal.
They happen because:
🔸 Checking whether a crypto transfer is legitimate takes resources and incurs costs to the bank
🔸 Getting those checks wrong risks enormous fines
🔸 So many banks preemptively flag transactions coming from exchange accounts and take the safer, and more cost-effective solution by just not allowing these transactions
Which raises the question: how does your bank know the money came from an exchange?
Because most exchanges pay out from shared IBAN accounts, held in the exchange's own name.
That makes it a third-party payment.
You can check this-> open your exchange/bitcoin app, tap deposit, look at whose name is on the account details.
Third-party payments carry more risk than first-party ones, with or without Bitcoin involved. But not all of them get blocked - the ones originating from an exchange are the problem.
First-party payments, sent from an account in an individual's or business's own name, carry far less risk.
Same name on both sides. Makes it much cleaner and nothing for the bank to untangle.
TL;DR:
👉🏻use licensed, MiCA-compliant platforms
👉🏻use a platform that provides a dedicated vIBAN, not a shared one
👉🏻give your bank a heads-up before large transfers
👉🏻Keep all paperwork with you long-term related to buys and sells
👉🏻Choose a platform that provides the dedicated paperwork needed for the bank.
Debanking is an unfortunate event and there will be always be friction between the traditional banking rails and services offering Bitcoin for a while.
However, until adoption outgrows the need for banks, the bridges matter.
YouTube link of the call: https://youtu.be/ggWC9yrX29g
Bringin / Bringin | The Complete ₿itcoin App
npub1kr…fd3py
2026-09-22 05:03:03 UTC
Author Public Key
npub1krveufv8unj22udw0tjngv8f0g3zdjdz64kx3dztw9tkl8r66tzq0fd3pySeen on
wss://relay.damus.ioPublished at
2026-09-22 05:03:03 UTCEvent JSON
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"content": "Our latest community call was on debanking. Why Bitcoiners in Europe keep losing bank accounts, and what actually reduces the risk.\n\nHighlights from the call 👇🏻\n\nnostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcqyq2y6ztc08sjfe3nw3r249wjtsl3um2fzze4k8s4kpcvgehc30e46waxmf7 walked through why debanking is happening to individuals and businesses across Europe; watch the full talk:\n\nhttps://primal.net/e/nevent1qqsv790mkl5n0ytvexgc928xdr0zqx9y2wylvvp3ht602klw9xpfzcgzkygzd\n\nBanks aren't debanking you because they think you're a criminal.\n\nThey happen because:\n🔸 Checking whether a crypto transfer is legitimate takes resources and incurs costs to the bank\n🔸 Getting those checks wrong risks enormous fines\n🔸 So many banks preemptively flag transactions coming from exchange accounts and take the safer, and more cost-effective solution by just not allowing these transactions\n\nWhich raises the question: how does your bank know the money came from an exchange?\n\nBecause most exchanges pay out from shared IBAN accounts, held in the exchange's own name.\n\nThat makes it a third-party payment.\n\nYou can check this-\u003e open your exchange/bitcoin app, tap deposit, look at whose name is on the account details.\n\nThird-party payments carry more risk than first-party ones, with or without Bitcoin involved. But not all of them get blocked - the ones originating from an exchange are the problem.\n\nFirst-party payments, sent from an account in an individual's or business's own name, carry far less risk.\n\nSame name on both sides. Makes it much cleaner and nothing for the bank to untangle.\n\nTL;DR:\n\n👉🏻use licensed, MiCA-compliant platforms\n👉🏻use a platform that provides a dedicated vIBAN, not a shared one\n👉🏻give your bank a heads-up before large transfers\n👉🏻Keep all paperwork with you long-term related to buys and sells\n👉🏻Choose a platform that provides the dedicated paperwork needed for the bank.\n\nDebanking is an unfortunate event and there will be always be friction between the traditional banking rails and services offering Bitcoin for a while.\n\nHowever, until adoption outgrows the need for banks, the bridges matter.\n\nYouTube link of the call: https://youtu.be/ggWC9yrX29g",
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