Bitcoin Becomes Ballweg’s Lifeline After Banks Cut Off His Access
The post Bitcoin Becomes Ballweg’s Lifeline After Banks Cut Off His Access appeared on BitcoinEthereumNews.com. Ballweg said Bitcoin became his lifeline after banks cut him off for nearly four years. He said banking restrictions spread beyond Germany and reached U.S. corporate accounts. El Salvador’s Bitcoin rules gave Ballweg a route beyond traditional banking channels. German computer scientist and entrepreneur Michael Ballweg said Bitcoin became his financial lifeline after banks cut off his access. He said the restrictions lasted nearly four years. Ballweg described the experience on the Live from Bitcoin Beach – El Salvador podcast. Ballweg told host Mike Peterson that he now depends on cash and Bitcoin. He said normal banking access became impossible after compliance systems treated him as a financial risk. Bitcoin Becomes Ballweg’s Financial Lifeline According to Ballweg, he has been completely excluded from the banking system. He said he has lived only on cash and Bitcoin for a