11
CoinCake - Crypto Currency Tracker logo CoinCake - Crypto Currency Tracker logo
cryptonews 2023-01-20 13:42:00

Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

Moonstone Bank, a digital bank focused on serving high-net-worth individuals, has revealed that it is exiting the crypto space and will be refocusing on the "community bank" role. In a Thursday press release, the bank said it is halting plans to develop banking services for innovative industries like crypto. Moonstone cited the recent developments in the industry and the subsequent rise in regulatory scrutiny as the reason for its decision. It said:... Read More: Moonstone Bank is Closing the Accounts of its Crypto Clients to ’Refocus on Community Bank Role’

N/A
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.