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2019-03-04 13:00:41

Financial giants including JP Morgan, HSBC closing down bank accounts of cryptocurrency companies to hinder adoption, finds report

Companies operating in the decentralized cryptocurrency space have often been at loggerheads with their traditional counterparts. Large financial institutions, which control systems that facilitate monetary deposits and withdrawals, see cryptocurrency newbies as ‘disruptors’ and some have even shown these crypto-companies the door, preventing them from using their banking services. According to a report by Bloomberg, […]The post Financial giants including JP Morgan, HSBC closing down bank accounts of cryptocurrency companies to hinder adoption, finds report appeared first on AMBCrypto.