Oftentimes, AML and you may documenting the cause off fund in a way that fits inner standards try problematic for cryptocurrency. This isn’t to help you imply that banks don’t want to provide facing cryptocurrencies later on otherwise which they dont discover cryptocurrency in a positive light. As an alternative, the current situation comes from banks’ interior settings and you may procedure, that aren’t yet , able to accommodate electronic investment kinds within the the same exact way less, much more flexible loan providers can. As a result of this, while the from time to time unpredictable characteristics out-of cryptocurrencies, banks (who’re extremely of course risk-averse lenders) continue to be mostly unable to provide crypto financing. [Read more…]