That legislation is being imposed all over the West, it started in Cyprus when they had their banking crisis and they “stole” a load of Russian deposits, under so called “bail in” legislation. Subsequently it is being enacted all over the West…we already have it in the UK.
Supposedly it is to protect taxpayers…yes…… please stop laughing..
By the way do u know that legally once u deposit money in a bank, it is the banks not yrs……check it out…a dirty secret that they ain’t too keen on advertising.