Banks Have Changed Their Attitude Towards Crypto Due to Regulators’ Pressure

According to The Wall Street Journal, banks have stopped cooperating with crypto firms due to fears of reprisals from regulators, which threaten to separate digital assets from the traditional financial system.

Supervisors have raised concerns about such relationships since the collapse of FTX.

According to WSJ sources, the banking sector is thinking about limiting business with customers who may be under the gun of the Commission against the backdrop of the SEC campaign against major players in the industry.

Lending institutions have audited any impact of the crypto sector, no matter how small.

Several small banks that have penetrated the industry widely are reducing their presence in the market or breaking ties altogether.