Cryptocurrencies may be very much in the spotlight, but banks have not been caught by all the hype, being rather more cautious in their approach. A wise move as the regulatory and litigation risks are plentiful.

Despite all of the hype around the rise of virtual currencies, banks have been conspicuously cautious in their approach, including their handling of potential customer involvement in the space.

This is a smart approach.

A sensible approach

Customers' transactions

AML, sanctions and other risks

Proceed with caution