30 Oct '17, 1pm

Bitcoin gets bashed by banks

Bitcoin gets bashed by banks

Big banks will probably only reverse their position on Bitcoin following regulatory change. While we're seeing smaller banks and a growing number of asset managers agreeing to give their clients exposure to Bitcoin, big banks will likely need much more convincing before they follow suit and begin rolling out Bitcoin services. What eventually persuades them to relax their stance on Bitcoin may have to come from the top down, for example if regulators in their markets under whose mandate they fall formally recognize Bitcoin as a form of payment, thereby giving their endorsement to the legality of the asset.

Full article: http://www.businessinsider.com/bitcoin-gets-bashed-by-ban...

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