Post
Topic
Board Economics
Re: Cryptocurrency companies still can’t open bank accounts
by
XFlowZion
on 27/05/2019, 06:12:32 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


Then why they don't just investigate those accounts one by one? If only they had their brains working then they would start with those account that is ranging from $10m and above. Money laundering mostly involves large sum of money so they better be checking those accounts sto those people who are innocent on their crypto profits will not be involved.