Quote from: Oilacris on May 17, 2019, 09:04:22 PM

Quote from: UNOE on May 17, 2019, 04:51:53 PM

Quote from: Unblock_news on March 05, 2019, 08:04:14 AM

Despite the increasing legitimate cryptocurrency uses, its continued association with illicit activities and anti-money laundering compliance costs makes banking for cryptocurrency companies hard.

Read more here: https://www.unblock.news/news/cryptocurrency-companies-cant-open-bank-accounts

I think that anty-money laundering is only excuse to stop crypto from their natural growth. It is easy to manipulate with people with fear that someone could use cryptos to finance whatever they want, but what was happening without cryptos, before cryptos. Fiat money was largerst, and allways will be number one for all criminal doings, because of fact that Bitcoin is actually more transparent than Fiat currencies. Everyone could track every transaction on blockchain, so there is no real reason to avoid accepting Bitcoin into economy.

Fact!
They are fully aware that fiat system is already been used since the beginning of time when we do talk about money laundering and other related criminality which
do involved with fiat.It is really just an excuse for them to exclude or prohibit on adopting crypto since they do reside with the government then its clear that cryptocurrencies
volatility,anonymity/decentralized/in-taxable thing is clearly the reason.

I do not think that volatility should be an problem... Volatility is here only because of fact that this market is still in early stages, and pretty small compared to other assets. High volatility is actually invalid argument, it is something like if you say that something can not be large because it is small. There are many stocks with higher volatility than Bitcoin, but that is not problem for them to have an bank account for example.
Check most volatile stocks -> https://www.tradingview.com/markets/stocks-usa/market-movers-most-volatile/
And yes, we need Bitcoin index and Altcoin index, because of differences in price on exchanges. It wouldn't be right to say that price for example on Coinbase is "real" price. We need an index with average price from 10 most popular exchanges for example. And that index could be traded too.
Two days ago, when someone dumped 7k BTC on Bitstamp with market order, we could see how much efficient is this market, because of bots which are are working non stop on arbitrage, and correcting price on all major exchanges pretty fast.