Banks avoid Bitcoin due to money laundering: Credit Suisse
Banks have "little or no appetite" to get involved with Bitcoin and other cryptocurrencies because of money laundering risks, Credit Suisse CEO Tidjane Thiam said. The only reason to buy or sell Bitcoin is to make money, which is the very definition of a bubble, Thiam added. His comments come after Bitcoin surpassed the $7,000 mark for the first time.