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Don’t know the details of why these crytobulls were denied accounts. But I suspect it had to do with money laundering or some other thing where the bank thought
by gigatexal 2y ago
Don’t know the details of why these crytobulls were denied accounts. But I suspect it had to do with money laundering or some other thing where the bank thought they couldn’t follow the money so to speak and thought they’d be liable.
Same with Weed. It’s legally in states but not federally. What’s a bank to do then?
Governments do act in a protection scheme which is a double edged sword: being able to cut off the funds of ill gotten gains of a terrorist or drug boss also gives them potentially similar powers to do the same to the crypto bro.