banks have been against the concept of the cryptocurrency and only now they are catching up with the concept of the blockchain technology. Remember, Bitcoin brought the blockchain technology on everyone’s radar. Banks have used excuses such as higher volatility and money laundering to play down the concept of cryptocurrency, particularly Bitcoin. In the U.K., some institutions have already made headlines by not approving mortgages for those customers who have made their capital gain by investing in Bitcoin and other Altcoins. For me, the message from the banks was that they are using this as a cover by saying that the source of funds can’t be verified when in fact they have no clue how to factor that into their accounts.
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