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James
@jamesstevens
Interesting talk today with an on-ramp acquiring partner. Out of 5,000 US banks, only 100 are sponsoring fintech or crypto either for acquiring or banking, issuing. Thats 2% of all US banks. That 2% has received 80% of SEC notices in 2024.
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James
@jamesstevens
This is very concerning about the longevity of the ability in the us to on-ramp fiat, banks are going to get more and more restrictive to the point it’s not feasible to offer. We already are seeing crypto companies being turned away from banks that onboard cannabis companies due to risk.
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