Post
Topic
Board Bitcoin Discussion
Re: Why many banks hate cryptocurrency ?
by
shakil77
on 24/05/2018, 10:05:26 UTC
banks hate cryptocurrency investors because they deposit large sums of money in the bank and then wire it out to a wallet or brokerage that will convert it to Bitcoin.
most common forms of money laundering includes sending wires around the world in an attempt to wash the cash or hide its origin. Banks don’t want to be party to any illegal activity, so they don’t like a lot of INO transfers.