“I spent literally months and hundreds of dollars trying to open a bank account in Europe. I called every bank I could find. Most of them were not willing to open an account for a US citizen due to recently tightened money laundering laws and the few banks that would allow me to open an account required that I travel to their country to submit my application in person. Some of the banks that wanted me to travel to the UK to open an account actually had a branch in the city I live in within the US. I decided to add the ability for users to buy & sell items using Bitcoins on my site in order to attract a niche audience. However, I had also solved my banking problem without even realizing it.”
http://www.reddit.com/r/startups/comments/1nxynn/
Related posts:
Two Chess Moves Away from Capital Controls
The State: Always the Accuser, Never the Defendant
Those "Inexplicable" Paris Attacks
Austrian Theory Explains and Exposes Booms and Bubbles
Bill Bonner: You Say You Want a Revolution
Pulling the Plug: Taking Delivery of Gold
A Nation Unhinged: The Grim Realities of “The Real American War”
A millionaire, a market crash and a murder
Google's Trillion-Dollar Driverless Car -- Part 2: The Ripple Effects
Agorism and Nazism: A Study in Polar Opposites
Public school students being tracked continually
The Biggest Interest-Rate Turn in 37 Years
Austrian Detroit?
Bill Bonner: Price does not tell you all you need to know
Desert Storm Anniversary Reminds Us That Even Victorious Wars Are Problematic