Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Customers Bank plans to cancel the bank accounts of some crypto hedge funds
2024-06-07 14:22:38
Odaily News According to people familiar with the matter, Customers Bank will cancel the bank accounts of some crypto hedge funds, mainly for internal management and cleaning up inactive accounts. The bank limits crypto customer deposits to 15% of total deposits to control digital asset risks. This move has affected some cryptocurrency companies, but it is not a large-scale capital withdrawal. It is reported that the bank provides services to some large companies in the cryptocurrency field, such as Galaxy Digital (GLXY), Coinbase (COIN) and Circle. (Coindesk)