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They might've bought bitcoin on an bitcoin exchange and had their bank account frozen- it still happens frequently. Banks in the US are still scared to do busin
by evgen 10y ago
They might've bought bitcoin on an bitcoin exchange and had their bank account frozen- it still happens frequently. Banks in the US are still scared to do business with bitcoin folks because they don't want to get undue attention down the line
Banks also don't want to do business with bitcoin exchanges because this makes it trivial to loot an account over which you have gained unauthorised access. At the moment the bittcoin market consists primarily of people who value privacy over convenience and criminals. Until the former gets larger you should expect any reasonable bank to be extremely way of the latter.