Metropolitan Financial institution Holding (ticker: MCB), one of many earliest banks to delve into digital belongings, says it’s closing out the a part of its enterprise that catered to crypto corporations. It’s a growth that ought to have crypto traders fearful.
The issue, in a nutshell, is that for Bitcoin and different digital belongings to have any probability of turning into mainstream, banks—with their entry to deep sources of liquidity and expertise in facilitating funds—should be on board. In the interim, they’re operating in the other way.
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