THE FEATURE BTC to DLT: Why Aren't Banks Giving Blockchain Startups Accounts? A look at CoinDesk today gives a curious feeling – slow and steady progress, hard-fought, appears as though it's starting to add up. Bitcoin, ethereum, DLT – all sectors took small steps forward today in varying ways. (Even CoinDesk welcomed a new veteran reporter). For all the innovation, though, some things are still the same – most troublingly perhaps is the extent to which industry startups are still squeezed by a basic inability to bank. Complicating matters is that, far from one easy answer, the current environment hints at a complex web of psychological factors at play. Uncertainty over cryptocurrencies is even rubbing off on DLT (meant to be a less risky proposition by design), and government sandboxes don't appear to be easing burdens as intended. What to do in absence of easy solutions? As profiled by CoinDesk's Noelle Acheson, action may be needed from the highest levels. The question is, will regulators and governments step in? Or will innovation find another way? | |
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