Quote from: Kimonoe on May 28, 2019, 05:54:44 AM

Quote from: SaShiRaJaVu on May 27, 2019, 07:05:44 AM

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.

It depends upon region and every region has its own way and regulations according to the clarity of things on how to deal with the cryptocurrency market and if it is in the grey area never expect the banking sector to be open to companies that deals with cryptocurrency, countries with clear rules and regulations might not have a problem opening a bank account.

I agree. this indeed depends on government policies from each region. but usually this will start from developed countries. many developed countries have been able to, while other countries I think are still in the process of following developed countries

A country wont develop with crypto use if their government wont allow cryptocurrency . I dont also think that a crypto company cant open a bank account because a bank will accept any kinds of constumer and what if the owner of the crypto company will only use thier names instead of the company name ? In that way banks will not doubt and wont question the person that will open an account with them . Fiats are also the medium that they will be using to deposit on bank not cryptos .