Post
Topic
Board Bitcoin Discussion
Re: Have Banks conspired to Kill Bitcoin Startups?
by
olubams
on 15/02/2017, 11:11:15 UTC
This article claims that over 36 bitcoin exchanges have closed shop around the world, since October 2015, due to discontinuation of banking services to them.

Is it that commercial banks have conspired to make it difficult for bitcoin startups or they are just trying to abide by the present laws and regulations?

http://www.forbes.com/sites/rogeraitken/2017/02/12/bitcoin-or-bust-taking-british-banking-out-of-exchanges/#1e942876588e

The same thing we will continue to face until government can take position on the positive side. For me, its not the fault of the banks because they are there to make money and they will try every means to make that happen, imagine the revenue that will accrue to them from the volume of transactions of exchange sites but they will go against government regulations in other to avoid sanctions even over here the few exchange sites will ask you not to put anything related to 'bitcoin' when making deposits or transfer to their bank accounts...