Newslink: Malta Might Be 'Blockchain Island' But Don’t Try Opening a Crypto Bank Account
Malta has been hyped up as the happy ending for crypto business who have trouble operating elsewhere, but there’s a problem: banks are reluctant to grant crypto startups business accounts until they’re properly licensed with the MFSA. This process can take up to six months for a first-round response, leaving many businesses unable to operate using local bank accounts.
A great example of crypto companies not being able to get a bank account would be the folks over at @dtube. I know this wont last forever but man is it a massive hindrance right now
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