Breaking: OCC investigation reveals nine major U.S. banks systematically denied services to crypto businesses and politically sensitive sectors from 2020 through 2023. This debanking practice raises serious questions about financial access in the digital asset space. The findings highlight how traditional banking institutions handled emerging industries during a critical growth period for Web3.
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AllInAlice
· 12-11 10:54
NGL, this has been obvious for a long time. The relationship between banks and Web3 is really not something that developed overnight.
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SleepyArbCat
· 12-11 10:54
Uh... here we go again? Traditional finance folks are just afraid we make money.
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GateUser-0717ab66
· 12-11 10:52
Banks distancing themselves from crypto activities, in simple terms, are just afraid. The years 2020 to 2023 have been the golden period for Web3's rise, yet these traditional financial institutions are playing the game of "selective service"... This move is truly remarkable.
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GlueGuy
· 12-11 10:40
I've known this trick for a long time, banks are colluding to trap retail investors.
Breaking: OCC investigation reveals nine major U.S. banks systematically denied services to crypto businesses and politically sensitive sectors from 2020 through 2023. This debanking practice raises serious questions about financial access in the digital asset space. The findings highlight how traditional banking institutions handled emerging industries during a critical growth period for Web3.