re: #89 wheat-dogg

Some banks have shut customer accounts for trading in Bitcoin, supposedly because Bitcoin can be used for illegal purposes. And as mj is still illegal in some jurisdictions …

My understanding is that where it’s legal they still can’t get credit card companies to support them. Incsnt remember why just now.

So they’re dealing in all cash. And the deposits go over the 10k limits a lot. So the banks don’t want to touch them for fears of audits fraud etc

There are federal and state and tax rules involved and many conflict and are not clear.

Because it’s unclear, the risks to the banks and cc companies are still too high