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RE: The Reason that BITCOIN Has Value is Because... + get 100SP delegated to you by commenting~

in #bitcoin6 years ago

I really like your point of view for the use of bitcoin and other crypto currency with the wikileaks situation and I completely agree with you.

The maijuana industry could really benefit from the use of cryptocurrency as growing and selling marijuana are, like using it, legal under Colorado law. But banks tend to take their cues from the federal government. Not only does selling marijuana violate federal law; handling the proceeds of any marijuana transaction is considered to be money laundering. Very few banks are willing to bear that risk.

With millions of dollars coming in everyday and more and more states legalizing marijuana where is all the money going to go when bussiness owners cant have a bank account due to contradicting state and federal laws.

This is just one use case.