“One New York virtual currency exchange, Bitfloor, closed its doors in April after Capital One Financial Corp. closed its account. PNC closed the accounts of FastCash4Bitcoins in the spring, preventing them from receiving wire transfers. In August, Commonwealth Bank, one of the largest Australian Banks, closed the accounts of CoinJar. In the growing Bitcoin economy, the banking relationship is a key factor in survival, growth and success. Not all Bitcoin companies are the same, and there’s no reason a compliant Bitcoin company shouldn’t be able to get banking services. Here are factors to consider if a Bitcoin company seeks a relationship with your bank.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Iran blocks access to Gmail
JPMorgan Chase Nears a $2 Billion Deal in a Case Tied to Madoff
EU wants privacy guarantees from U.S. amid PRISM crisis
Scientists discover DNA body clock
Libya after US 'liberation': Where lives are auctioned for $400
U.S. tax law has some expatriates waiving the American flag
Revealed: The world's cheapest stock markets
Pakistan ditches dollar for yuan in trade with China after Trump tweet
Swiss government unveils new plan to end US tax dispute, bypassing parliament
Countering rupee devaluation: Pakistani govt slaps temporary ban on gold imports
Follow-the-Data Fed May Play Follow-the-Markets to Avoid Shock
Despite Legal Costs, Big Six U.S. Banks’ 2013 Profit 2nd Highest Ever
Hall of Famer Eddie Murray paying $358,151 to settle SEC insider trading charges
Egypt’s wheat problem: how Morsi jeopardized the bread supply
UK role in torture and rendition after 9/11 revealed