Topic: Business Banking in the USA (Read 135 times)
any major bank is fine. There is nothing illegal about mining other than if you don't pay your taxes. I know for a fact Chase and Wells Fargo are fine
Recently I have found out that the bank I use for my business is not bitcoin/crypto friendly. Basically as soon as they learn that my business has any connection to bitcoin they will at best close my accounts. Apparently it is also possible for them to freeze our accounts for months holding any funds.
It was explained to me that since they know nothing about the crypto-world they are choosing to not deal with it at all and apparently treat it as hostile.
We have very few transactions that are actually currency related. So far we have sent some money to Coinbase to purchase mining equipment. The bank really has no exposure because of us but they are very conservative.
Has anyone else dealt with this? Have you found a reasonable banking solution?
It was explained to me that since they know nothing about the crypto-world they are choosing to not deal with it at all and apparently treat it as hostile.
We have very few transactions that are actually currency related. So far we have sent some money to Coinbase to purchase mining equipment. The bank really has no exposure because of us but they are very conservative.
Has anyone else dealt with this? Have you found a reasonable banking solution?
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