Crypto is still sailing in very choppy waters, as the two main banks support crytpo currencies wind down.

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Crypto is still sailing in very choppy waters, as the two main banks support crytpo currencies wind down. With primarily the U.S government having to work hard to prevent other dominos from falling. As we have seen several big names in Crypto fold over the past 12 months.

Liquidity is an obvious problem, and one wonders if the challenges that the crypto ‘banking’ sector is facing would have been less dramatic the ‘banks’ were regulated. An issue that will no doubt come out as the investigations start and commission call forward boards to account for the wind down.

It is strange to see crypto banks looking to align their assets under more established banks as they work to weather the current storm, with no idea whether it will turn into a hurricane. The past 12 months have been an interesting journey for many.

Ted Dziekanowski

#cryptoregulation #crypto #cryptocurrency

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