...yet for every one of those, there are plenty of others trying to scam the public, launder money or evade taxes.
It is not surprising that this above is one major reason that icos won't get financial support from banks.
It's not even just ICOs being given the cold shoulder though, as even Kraken got the axe. It's pretty sad that banks are necessary for increased adoption.
One would think that banks are doing this out of spite, and maybe on some level they are, but it kind of makes sense why they're turning away crypto businesses.
it is partly that but also it is about all the illegal activity that took place thanks to altcoins last two years. you see all these ICOs and think they are just scamming a bunch of newbies but many of them were actually laundering money through fake ICO front and cleaned their money by simply running it through that fund raising crap and dumping it on exchanges.