Banks are staying away from bitcoin 'bubble' due to money laundering, Credit Suisse CEO says

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TL;DR:

Banks remain reluctant to get involved with bitcoin due to fears of a bubble and illicit activity associated with it said Tidjane Thiam, the CEO of Suisse Bank. “I think most banks in the current state of regulation have little or no appetite to get involved in a currency which has such anti-money laundering challenges,” he said. Thiam added that investors were only buying into bitcoin “to make money” but described it as “the very definition of speculation and the very definition of a bubble.”

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But…people have laundered in fiat for DECADES.

shakes head, walks away

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Man the irony and hypocrisy is real. Also in my opinion, Bitcoin can’t bubble especially when it’s made its mark already.

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