Post
Topic
Board Economics
Re: Cryptocurrency companies still can’t open bank accounts
by
SirLancelot
on 18/05/2019, 12:07:35 UTC
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
You should know that the banks are very scared of crypto because they know that it would be a very big treat to them when we begin to experience an economic crisis in the world, this is why they are doing everything possible within their power to make sure that they frustrate crypto companies by stopping them from creating an account so that transactions won't take place smoothly, I believe this is a battle and crypto is going to come out victorious.