Cryptocurrencies
Why Crypto Companies Still Can’t Open Checking Accounts
“‘Just go to your local Chase branch’ doesn’t work in crypto.”
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The gatekeepers of mainstream commerce are keeping their doors shut to cryptocurrency companies.
Entrepreneurs in the digital-assets industry from New York to Hong Kong say that even as some attract investment from multibillion-dollar institutions like Singapore’s sovereign wealth fund, they are routinely refused basic banking services by the likes of HSBC Holdings Plc and JPMorgan Chase & Co.