[A4ET8a8uTh0]

This.

It should also be noted that government does not seem to know how to deal with privacy oriented coins ( ref#1 - discussion of current regime for crypto as seen by US AG ). That said, they seem to suggest ( page 41 ) that using Monero is inherently risky and prone to illicit activity and businesses allowing its use "should consider the increased risks". Knowing how banks read those types of documents, you can safely bet banks will simply refuse to bank anyone if there is even a whiff of transaction with Monero, Zcash, Dash.

Ref#1:https://www.justice.gov/ag/page/file/1326061/download

edit: Disclaimer. Do not be an idiot. I am just a guy on the internet. If in doubt, hire an actual lawyer.

[akimball]

Gemini exchange seems to have no difficulty with banking. Coinbase seems to have no difficulty with banking.

[A4ET8a8uTh0]

You are not wrong, but the link I listed is relatively recent. Things like that rarely change that fast. Not to mention, both of your examples likely have working compliance units ( and FinCEN wants exchanges to be compliant ). The mixer FinCEN busted didn't and wasn't.

Also, again, I am not a lawyer. In other words, I fully accept the possibility that I am wrong.

However, I do know how conservative banks are.

[RandomBacon]

Kraken just started banking in the U.S. too, and they even list Monero.

[_-___________-_]

Notably, Coinbase does not handle Monero.