29 Jul '15, 4pm

Bitcoin's Largest Publicly Traded Company Bridges Gaps to the Banking Industry - Bitcoin

Bitcoin’s Largest Publicly Traded Company Bridges Gaps to the Banking Industry by Jacob Donnelly on July 29, 2015 { 0 } As Bitcoin usage grows worldwide and attracts the attention of more governments and regulators, the complexities of ensuring compliance across different jurisdictions become greater and greater. Many quickly growing Bitcoin startups struggle with this issue and lack the knowledge base to ensure that compliance is sufficient. Taking it a step further, even if local regulations in an area are relatively lax, operating a financial services business without a bank account can prove tremendously difficult. And due to the fact that Bitcoin businesses are considered high risk and banks operate very conservatively, obtaining a local banking partner can be very difficult. “If we look at what’s going on the U.K., the country is very laissez-faire with regulation, b...

Full article: https://bitcoinmagazine.com/21402/bitcoins-largest-public...

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