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05:42 PM - Oct 29 05:42 PM
Bitcoin Storm App : Banks cannot ignore cryptocurrencies, regardless of how much they attempt to block or inhibit them. Many banks are rejecting transactions on bank cards for cryptocurrency purchases or blocking cryptocurrency exchanges for banking companies. A main world financial institution has indicated, in a report filed with the US Securities and Exchange Commission , that cryptocurrencies are a threat. They point out the chance in three areas that may impression them, Know Your Customer and Anti-Money Laundering , as well as customer loss to cryptocurrencies for trading or enterprise uses. The third space the financial institution indicated in the risks, is that it might should decrease margins and spend considerably on expertise to address the risk that cryptocurrencies create.
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