Banks Hate Bitcoin

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.”


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