They are not controled like chineese or US banks.
that bitcoins CAN BE a risk notting more!
So we need to use offshore contructions to avoid regulations were ANONYMITY of source could be a problem.
banks are stilll free to work with bitcoin this is more a guide to implement it correctly.
so they play by the rules.
If correctly implemented 'offshore banking' the effect will be that bitcoin is exempt from all kind of AML and KYC restrictions.
as explained in the tax free tour http://www.youtube.com/watch?v=d4o13isDdfY
btc-e for example is doing it like this for years.
In offshore banking a unkown source of transactions is part of its working,
in this way banks still can intergrade bitcoin and play by the KYC and AML rules at the same time.
Welcome in The netherlands
http://www.dnb.nl/publicatie/publicaties-dnb/nieuwsbrieven/nieuwsbrief-banken/nieuwsbrief-banken-juni-2014/dnb308035.jsp
(dutch)
so there is realy notting new!
Translation.
DNB warns banks and payment institutions integrity risks in virtual currencies
news item
Date June 3, 2014
In transactions and similar bitcoin virtual currency or altcoins , there is a high degree of anonymity . Banks and payment institutions should therefore be aware of the derived integrity risks they face because they are the identities of the parties involved in virtual currency sales or purchases not know or insufficient . DNB qualifies the current virtual currencies ( bitcoin and other altcoins ) as products with a very high risk profile .
bit coin
anonymity
At first glance , the underlying systems of transactions in bitcoins and similar virtual currencies very transparent. Transactions are recorded in a public transaction log , so the paths that virtual currency amounts publicly accessible and traceable. However, the transactions are hardly reducible to physical persons . Because virtual currencies may additionally be used as means of payment they are attractive as a link in a money laundering process .
Derived integrity risk and facilitating money laundering
Anonymity within the current virtual currency systems has implications for the management of banks and payment institutions that are considering investing in virtual currencies or have relationships with in altcoins acting entrepreneurs. Because of the anonymity entrepreneurs - whether banks / payment institutions - that have no direct relationship with the parties who sell virtual currency or purchases , or knowledge of their identity . When a bank or payment institution altcoins acting entrepreneurs is relationship , the ( re) purchasers of virtual currencies through which entrepreneurs indirect relationships of that bank or institution . As can also affect indirect relationships reputation of the bank or institution , there is a derived integrity risk . Because altcoins additionally be used as currency , financial institutions could facilitate . By (indirect ) involvement in virtual currency trading inadvertently laundering DNB doubts that banks and payment institutions are able to transactions or clients related to measures in the framework of controlled and sound operations . Appropriate measures to virtual currencies
Finally,
DNB qualifies the current virtual currencies ( bitcoin and other altcoins ) as products with a very high risk . DNB banks and payment institutions that do decide to get involved in virtual currency companies or invest , therefore themselves into virtual currency in any way involved rigorous tests to ensure compliance with applicable regulations (among others Wwft and Wft ) . In 2014 , DNB will determine whether banks and payment institutions active with new payment methods such as virtual currency and assess these settings control the integrity risks . The controls should include effective measures regarding customer acceptance and monitoring of new innovative companies .