Trade Resources Economy US Banks Refuse Bitcoin

US Banks Refuse Bitcoin

US Banks Refuse Bitcoin

Companies trying to cash in on the newfangled bitcoin craze are having trouble getting old-fashioned bank accounts, The Wall Street Jounal reported. Lenders are leery of dealing with virtual-currency companies because of concerns that the bisineses could run foul of anti-money-laundering laws or be involved in illegal activities, banking executives say. US banks including Wells Fargo have come under strict scrutiny for their bitcoin businesses while J.P.Morgan has refused to provide bitcoin-related services.

 

Written by Dora Men

Source: Made-in-China.com
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