Post
Topic
Board Economics
Re: Cryptocurrency companies still can’t open bank accounts
by
Akpuv
on 25/05/2019, 13:22:55 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
This is very true. Because of the anonymous nature of cryptocurrencies, people can easily transfer it to settle illegal deals. This is one of the reasons most governments don't want to allow it and as such the central banks will likely continue to kick against it.