Credit Union Fails To Help Bitcoin Companies Due To Regulations – Bitcoinist.net

A lot of people in this world feel that regulations are needed to help better the world. Others believe that policies and restrictions stifle innovation and work only for those who can manipulate the odds.

Brewster Kahle is a man who for two years tried to start a credit union and failed due to the regulatory process by the National Credit Union Administration’s (NCUA) stipulations. Especially since the bank tried to help low-income New Jersey immigrants and Bitcoin companies get loans.

Source: Credit Union Fails To Help Bitcoin Companies Due To Regulations – Bitcoinist.net