Big Australian banks stun bitcoin companies by closing their accounts.
Gregory Alan Bolcer stashed this in Cause and Effect
Rather untrustworthy of the banks, isn't it?
Until they can prove they are complying with International criminal law--which from all appearances these bitcoin companies cannot--then I think the banks have the right idea. I think the criticism they are doing it to avoid disruption is a red herring.
That's a good point. Banks have all the power in that relationship.