2013-11-15 Forbes: Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts

[Arvicco]

http://www.forbes.com/sites/kashmirhill/2013/11/15/bitcoin-companies-and-entrepreneurs-cant-get-bank-accounts/

More and more it seems like we're past the "laugh at you" and into "fight you" stage...

[Carlton Banks]

Hopefully this should eliminate the "Bitpay/Coinbase sign up to Greenlists" headline, if this were definitively true then those businesses are over 

And why so serious? Bitcoin won't refuse to give financial industry shills a wallet. I know which sounds like the better system.

[HeliKopterBen]

Seems like the banks are caught is a catch 22.  If they facilitate bitcoin businesses, then they foster the adoption of bitcoin which will eventually lead to their demise.  If they reject bitcoin business, then they force bitcoin to bitcoin transactions as businesses are forced to bypass the dollar.

[User705]

No 2 with a side of fries please.  Getting bank accounts means you are running all the cash flow through it which means bitcoins security privacy and everything else isn't being utilized.

[Carlton Banks]

All in the name of "fighting money laundering and organised crime", when the truth is that the legacy banking system facilitates money laundering and organised crime through all sorts of channels. And they don't get treated to the conviction treatment, instead they get fined an amount that represents a small percentage of the profits they made on the dealings they are being "punished" for.

The money mafia are pretty upset with the upward swing in Bitcoin, make no mistake. We're severely ruffling feathers in the henhouse of old-time gangsters, Kashmir Hill is serving as their public spokesperson, unwittingly or not.