An Individual Quest to Support Unbanked Businesses through Knowledge of Cannabis, Cryptocurrency and Compliance

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Cannabis Knowledge: Ernesto Huerta is the personification of Bitcoin. Being the operator of the Crypto Space which is a physical Bitcoin exchange in San Pedro neighbourhood in Los Angeles, he is knowledgeable about the challenges of running a Cryptocurrency business simultaneously maintaining banking access and compliance. In an open interview with the Crypto Space owner, Ernesto Huerto, it has been learnt the maintenance of the thin line separating the centralized and the decentralized funds along with the tactics employed by the big banks to crush the Crypto start-ups. Huerta has been facing the twin challenges that hits him every morning is to keep his business intact for him and as well as his clients. Even on a podcast, Huerta has stated the struggles he faces on a daily basis on running the Crypto Space and also explained why he would stick to the same business even though there are struggles maintaining it.

According to Huerta, a lot of companies including the real estate ones are pretty interested in taking payments in Cryptocurrency and hold their assets since existence of the Cryptocurrency are well known to them. But the only problem to this is that they do not understand the ways to secure their assets. Huerta and his ideologies help those people with setting up their security, getting them a pen tester to penetrate their system and a lot of related stuffs. Cannabis isn’t really legal in the federations except in the state of California and so is the cannabis Knowledge. Thus he has helped a lot of marijuana companies that have been financially frozen. Huerta claims that a lot of dirty money is flowing around by the banks and the government that restricts the rise of the Cryptocurrency companies. The banks even throw you a letter stating the closure of your bank account without a valid reason to do so and hold the funds for 10 business days.

1 COMMENT

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