Post
Topic
Board Bitcoin Discussion
Re: Crypto companies complain they’re being shunned by most banks
by
teilwalL05
on 04/03/2019, 12:26:13 UTC
...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. Banks are very shrewd business institutions, they wouldn't dive into a business venture they are not sure of recouping their investment. Icos have been bastardized and banks don't see them as a safe place to put money on.

ICOs are just one aspect of cryptocurrency. And I doubt ICO organizers approach banks or any traditional institution for loans to run their project, as it is too big a risk with hardly any collateral options.

Companies and industries associated with cryptocurrency should not be segregated as far as they are in compliance with all laws.

Deiniftly.
ICOs are on aspect of crypto and the problem is that people like to generalize stuff

Well ICO right now really had a negative impression right now because of the low price it had, And projects that don't turn to be successful was the most part why many in the community had doubts on most ICO,

Well fiat currency and Cryptocurrencies was pretty segregated with one another we can not lump each other and bank don't like the volatility that Cryptocurrency have.