Bitcoin & Banks: Your Cash Logistics Solution
When it comes to Bitcoin and banks, things are complicated. Due to derisking, many Bitcoin-related business owners are forced to cross state lines in search of a reliable banking partner. Other businesses are forced to close entirely when they run out of convenient banking options.
Bitcoin Banking and Compliance
Bitcoin banking and compliance are top of mind for regulators as we move into the New Year. At the end of 2017, CME started trading Bitcoin futures, further legitimizing the digital currency. Bitcoin started 2017 with a value of less than $1,000 per coin. After a high of roughly $20,000, Bitcoin stabilized around $14,000.
Bitcoin Regulation & Landscape
Bitcoin regulation is changing as authorities in the United States embrace cryptocurrency with sweeping policies and increased examination. In 2017, Bitcoin enjoyed a meteoric rise from $1,000 per coin to $19,000. This explosion in value caught the attention of individual investors, financial institutions, and regulators alike.
