Be Your Own Bank" is Not a Slogan, It's an Escape Hatch
Recently, news broke that 86 million bank accounts in Vietnam were being closed. The reason? The account holders had not complied with a new government mandate for facial biometric authentication.
This isn't a scene from a science fiction movie. It's a real-world event, and it's a clear signal about the future of state-controlled money.
As we recently stated in an article for Cointelegraph, this event proves a fundamental truth: "State-controlled money is a privilege, not a right." Your access can be revoked at any time, for any reason, based on rules you did not agree to. Your compliance becomes the key to your own vault.
This is the exact reason we created our piece, "Be Your Own Bank."
What "Be Your Own Bank" Actually Means
"Be Your Own Bank" is not just a catchy phrase; it is the summary of a technological revolution called self-custody.
In the traditional system, when you deposit money in a bank, it is no longer truly yours. You have an IOU. The bank holds the keys, and you must ask their permission to access your funds. As the situation in Vietnam shows, they can—and will—add new conditions to that permission at any time.
Self-custody flips this model on its head. With a self-custodial Bitcoin wallet, you hold the keys. It’s the digital equivalent of holding gold bars in your own high-tech, personal safe. No government, no corporation, and no third party can access, freeze, or seize your funds without your explicit consent.
It is a permissionless system. Your right to access and transact is guaranteed by mathematics and energy, not by your compliance with a biometric scan.
The Choice
The world is moving toward two very different digital futures. One is a top-down, centralized system of surveillance and control. The other is a decentralized, bottom-up system of individual sovereignty and freedom.
"Be Your Own Bank" is an invitation to choose. It is a reminder that for the first time in history, we have a viable escape hatch from a system of permission into a world of ownership.
