We are all aware a lot of the High Street Banks' don't like BTC and especially trading as have heard various people get there accounts shut down and then following all the other banks shutting them down. British banks are shunning companies that handle crypto currencies, forcing many to open accounts in Gibraltar, Poland and Bulgaria and prompting some to question the UK’s ambitions to be a global hub for the fast-growing fintech sector. Investor interest in bitcoin and other crypto currencies has surged since their prices rocketed this year, but traditional banks are steering clear of the sector, fearing it is riddled with criminals and fraudsters. The Financial Conduct Authority is worried that banks’ reluctance to open accounts for some fintechs is hurting competition after it hampered several start-ups entering its sandbox to test their business models under its supervision. However, banks are keeping their distance, worried by the fact that crypto currencies are commonly used by criminals to trade illicit goods on the “dark web”. A few countries, including Japan and Gibraltar, have created rules for crypto currencies, but they remain unregulated in many parts of the world, including much of Europe.
Does Cash not get used for criminals and fraudsters. Banks' are the biggest FUDS!!!
