Bitcoin businesses find they can't open or keep bank accounts, and individuals using Bitcoin aren't welcome at banks, either.
"I don’t think it’s realistic to create a disruptive instrument and expect the business you’re disrupting to greet you with open arms,” says Ryan Straus, a virtual currencies lawyer at Riddell Williams in Seattle. “The tension is undeniable between banks, regulators and Bitcoin businesses, but it shouldn’t surprise us because that’s the point of Bitcoin: to eliminate the need for banks.”
Bitcoin Companies and Entrepreneurs Can’t Get Bank Accounts
Bitcoin is booming, but start-ups can’t get or hold onto bank accounts.