Post
Topic
Board Bitcoin Discussion
Re: Have Banks conspired to Kill Bitcoin Startups?
by
Betwrong
on 16/02/2017, 11:12:29 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

I don't think it has anything to do with any conspiracy. All the commercial banks in the UK don't belong to one person or to one family, and they don't belong to people who can agree on something, knowing they will be losing profits because of that agreement. As it was nicely put in the end of the article: " It’s just that the answer will be to work around them rather than with them." And I'm sure, since Bitcoin is perfectly legal in the UK, that there are banks there which won't lose the opportunity to replace those with bad attitude to BTC in the business.