Gemini co-founder: The Federal Reserve is controlling the channels for crypto companies to access banking services

2024-08-11 08:02:03
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ChainCatcher news, according to Cointelegraph, regarding the Federal Reserve's enforcement action against Customers Bancorp, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, stated that Customers Bancorp is one of the few banks in the United States that holds a friendly attitude towards cryptocurrency. The Federal Reserve is now controlling the channels through which cryptocurrency companies can obtain banking services, essentially deciding who can open bank accounts and who cannot, thereby limiting the operational capacity of crypto banks.

It is reported that the Federal Reserve requires Customers Bancorp to provide a 30-day notice before establishing any new banking relationships with crypto companies, a move that has sparked dissatisfaction within the crypto community.

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