Always Remember Banks that Refuse to Service Bitcoin Customers. The Same Banks Get Caught Laundering Money for Mexican Drug Cartels.

Some Banks Refused to service Bitcoin customers because of "Compliance Risks" while they were laundering money.

Dutch Rabobank as a great example

https://www.justice.gov/opa/pr/rabobank-na-pleads-guilty-agrees-pay-over-360-million

https://money.cnn.com/2018/02/08/news/rabobank-mexico-drug-money-laundering/

HSBC Bank

This one is the biggest joke.

Not only have they been Super Vocal about their mistrust in crypto because of possible "unregulated illicit activities", They've been caught up in so many money laundering schemes that they make illegality of bitconnect look no worse than a parking ticket.

They took it a step further. During the bullrun this last January, they banned it completely. No credit/debit/exchange purchases for crypto. None, zip, zero.

https://www.bbc.com/news/uk-54225572

They let a fraudster running ponzi scheme continue with transactions even after they learned about the scam..lmao

Also here... More Cartel money being laundered.

https://www.marketwatch.com/story/netflix-documentary-re-examines-hsbcs-881-million-money-laundering-scandal-2018-02-21

Captial one

They also were very vocal about crypto being used for money laundering and other activities. ????. They let some wire transactions on some exchanges but outright banned credit/debit purchases

https://www.wsj.com/articles/capital-one-settles-with-fincen-over-anti-money-laundering-deficiencies-11610750699

https://www.americanbanker.com/news/capital-one-fined-290m-for-willful-anti-money-laundering-failures

Isn't that funny? It seems that every powerful entity that says "crypto bad" is out there doing something illegal themselves.

This can't be coincidence.. it's about control. Why let the world FOMO into decentralized when they don't have control over it? Surely this hurts them somehow..

It's getting worse too. HSBC won't let you buy stock in a company if they hold Bitcoin. Lmao.

https://news.bitcoin.com/hsbc-crypto-policy-bars-clients-buying-stock-companies-hold-bitcoin/

So much for buying Tesla.

Just a bunch of dirtbags. They just want control over the flow of currency.

Sadly they Don't teach kids to not blindly trust because the name brand is big. Wouldn't want them to grow up, and look out for that. That could hurt business.