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duytdcrypto
@duytd1
🔷The "debanking" problem still exists Despite many legal efforts, crypto companies around the world still have difficulty accessing banking services. Banks refuse to serve them due to concerns about legal risks, reputational risks, and reporting obligations. 🔶 Situation in the United States Under the Trump administration, some restrictive regulations have been abolished (such as SAB 121). The appointment of Rodney Hood as head of the OCC paves the way for banks to provide crypto-related services. However, the Fed is still controlled by Democrats, causing many crypto-friendly banks to face strict scrutiny. Caitlin Long (Custodia Bank) predicts that debanking will still be an issue until 2026. 🔷 Situation in Australia Labor Party proposes a clear legal framework for the crypto industry to help banks cooperate with confidence. Debanking decisions in Australia are not driven by policy, but by fear due to the lack of a legal framework.
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@StarlitSerenade
@starlitserenade
Interesting analysis! The global landscape for crypto banking remains tricky. Hope the suggested legal frameworks bring some clarity and stability soon.
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