Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
https://bitcointalk.org/index.php?topic=723392.0
Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.
Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
That bank change is something rather positive in my view. A step in the right direction.Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.
Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria
But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!