This really shouldn't surprise anyone. The banks that do not understand blockchain and crypto technology ban it. They are not open to new ideas of you creating wealth on your own. They want to sell you something they've come up with. They want you to borrow money so they collect that interest. You're nothing to these banks but a $.

The banks that do understand crypto fear it more than the banks that do not understand it. This is where you get the Jamie Dimon's of the banking world calling it a farud so they can get in on it. Apparently a large part of JP Morgan is pushing for them to get in on it so its already doing what Jamie doesn't want. Dividing the bank thus reducing its power. I believe more big banks will get in on blockchain technology than will pass on it. Look at Ripple.. The banks cannot win and they know it. As long as the U.S. Govt doesn't decide to ban it which after reading the provisions in the new tax law where every single transaction as of Jan 1 is taxable I don't see a ban... ever. Once people figure out yeah you do have to pay your taxes on crypto gains this will be a huge amount of money for Uncle Sam. Sucks for you and me but it seems to me they see it as a cash cow. Keep your transaction count low or make them good/worth it.

Personally I am going to pay my taxes accordingly rather than get burned later after an audit. Keep in mind bigger deposits trigger red flags within the IRS. If you have done well and have sold BTC or whatever for profit in the form of cash there is record of it. The exchange you use should be able to show you every single trade you made, bittrex shows me. Can download my entire history right now. So if you get audited and they want to see that stuff you have to show them. There is no saying no. You can get a lawyer and fight it. You will lose. They will get those records. They will see every single penny you have moved. This idea that blockchain makes you anonymous and invisible simply isn't 100% true. It does for your transactions with crypto to others yes. They can see your wallet but don't know who you are. When it comes to Uncle Sam.. Well you're not invisible at all. And there is a record of everything you do. When they want to see it you will provide access or you will go to jail. Not to be a downer but this is reality people. Cash leaves a trail. Think about it. Thinking you're immune to taxes here in the United States is just a terrible, terrible idea, you could potentially loose everything you worked so hard to get.. A simple search of 2018 crypto tax code/law and you can read it yourself. Sam is coming for his cut.. Don't be the person who reads this and in 10 years is in prison for tax evasion.