Quote:
Originally Posted by adultinnovation
Banks do not allow deposits from cryptocurrency exchanges due to the volatility and lack of regulatory oversight in the cryptocurrency market.
Banks are subject to know-your-customer (KYC) and anti-money laundering (AML) regulations, and they cannot risk exposure to potential financial crimes by accepting deposits from unregulated cryptocurrency exchanges. Additionally, the value of cryptocurrencies can fluctuate rapidly, making it difficult for banks to determine the true value of deposits.
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We all know each country has different banks and policy. So which banks exactly do you believe are doing this? and in which country?
Because what you're saying is untrue in North America, Europe, & Asia.
If you might be correct if you're referring to North Korea, Russia, or China, but please clarify.