Soon, a problem with banks and cryptocurrency can be solved
Bloomberg informs that cryptosocials still have a problem with opening and managing current bank accounts in 2019.
He also refers to a complaint by Sam Bankman-Fried, Alameda Research, Chief Executive Officer of Cryptology, who said that the traditional formula of banks "just arrive at the closest branch" for cryptomenitic companies is not at all applicable. Bankman-Fried stresses that banks do not violate any law if they provide their services to digital business firms.
Bloomberg points out in the article that while larger banks are avoiding crypto-pharmacies, some smaller ones are trying to take advantage of this.
Sam Bankman-Fried is not the only representative of a crypto-map that has a similar impression. BitPay's chief, Sonny Singh, who previously worked as a consultant for the Securities and Exchange Commission (SEC), said BitPay was rejected by several leading banks.
Similar experience is also the blockchain investment company NKB Group. Ben Sebley, in her representation, said that the rejection of basic banking services for crypto fire is a madness that hinders the growth of the industry. Banks are too cautious.
The problem of creating an account even exists in Malta, although this country is considered "cryptofriendy". For example, it has the largest Binance cryptography store.
Innovative approach, on the other hand, shows Swiss bank Julius Baer, who wants to give customers access to digital currencies after the Seba Crypto cryptographic partnership.
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