Companies in the cryptocurrency industry still have trouble opening bank accounts, major financial publication Bloomberg reported on March 3.
The report cites the complaint of Sam Bankman-Fried, CEO of quantitative crypto trading company Alameda Research, that “the standard answer of ‘just go to your local Chase branch’ doesn’t work in crypto.” Bankman-Fried also added that it is not illegal for banks to serve crypto businesses, but “it’s a massive compliance headache that they don’t want to put the resources in to solve.’’
Bloomberg also points out that, while the larger banks avoid serving companies involved in crypto, smaller ones are trying to get hold of this underserved subset of the market. Such an example given in the report is Silvergate Bank in San Diego, which reportedly said in a November 2018 filing for an initial public offering that crypto businesses have as much as $40 billion to deposit.
According to Bloomberg, Sonny Singh — chief commercial officer of BitPay, a crypto payment processor with a former chairman of the United States Securities and Exchange Commission as an adviser — said that the company has been turned away by many banks.
Blockchain investment, trading and advisory firm NKB Group is another example given by Bloomberg of a company that has struggled to establish banking relationships. Ben Sebley, NKB’s head of brokerage, reportedly commented:
“Denying basic banking is madness, impedes sector growth and forces companies to get creative to solve the problem The banks are being overly prudent.”
As Cointelegraph recently reported, blockchain companies in Malta are purportedly also struggling with opening bank accounts.
Still, at the end of February, Swiss bank Julius Baer announced plans to provide its client access to digital asset services, following a partnership with crypto bank startup Seba Crypto.
https://medium.com/@bulksmsala/automate-your-marketing-with-bulk-sms-marketing-93de400b5901
https://my.desktopnexus.com/smsala
https://www.threadless.com/@smsala
https://www.kiwibox.com/bestbulksms/mypage/
https://marketplace.whmcs.com/user/david7009
https://moikrug.ru/smsala
https://www.turnkeylinux.org/user/542750
http://www.magcloud.com/user/smsala
http://wiki.vriendenvandekerstgroep.nl/index.php?title=User_talk:Smsala
http://brooklynne.net/profile/SMSalaBulkSMSProvide
http://digital.tubmaninstitute.ca/myomeka/posters/show/2110
https://artmight.com/user/profile/45101
https://clyp.it/user/jd5d3ldz
https://www.avianwaves.com/users/smsalabulksms
http://smsalabulksms.over-blog.com/bulk-sms-is-revolutionising-the-travel-industry.html
http://bulksmsmarketing.blogkoo.com/five-steps-in-properly-using-bulk-sms-service-11350130
http://bulksms.tribunablog.com/bulk-sms-marketing-services-for-optimal-results-7277669
http://smsala.blog2learn.com/21124304/be-aware-of-fraudsters-now-acting-as-bulk-sms-providers
http://bulksms.diowebhost.com/17109876/bulk-sms-service-is-the-best-way-to-convey-your-message-to-your-customers
http://bulksms.qowap.com/21691083/get-the-word-out-with-bulk-sms-gateway
http://bulksms.blog5.net/21655541/how-bulk-sms-is-changing-the-marketing-landscape
http://bulksms.alltdesign.com/bulk-sms-text-messaging-and-advertising-12174129
http://bulksmsmarketing.shotblogs.com/bulk-sms-mass-messaging-benefits-from-business-to-education-7465178
https://bulksmsmarketingservice.weebly.com
http://bulksms.uzblog.net/become-a-bulk-sms-reseller-at-home-simple-steps-7870441
http://bulksms.suomiblog.com/why-bulk-sms-is-great-for-promoting-your-marketing-services-7987151
http://bulksms.blogdigy.com/effectiveness-of-a-bulk-sms-application-service-7387819
http://bulksms.tblogz.com/bulk-sms-primary-advantages-offered-7650996
https://www.givology.org/~smsala/blog/668586/
https://medium.com/@bulksmsala/organizing-your-group-text-messaging-marketing-campaigns-fa89688a3dc8
https://giphy.com/channel/smsala
http://dayviews.com/smsala/527051611/
https://www.axelos.com/profile/community-profile?u=3fbbb586-d3c1-48c4-8474-535685fa4043
https://www.axelos.com/profile/public?u=3fbbb586-d3c1-48c4-8474-535685fa4043
https://in.pinterest.com/smsalateam/promotional-sms-service/
https://www.buzzfeed.com/beekash/promote-your-business-with-promotional-sms-f2fw53wd9n
http://digg.com/u/smsalaservice
https://scioly.org/forums/memberlist.php?mode=viewprofile&u=46180
https://in.pinterest.com/pin/857232110301354850#
http://bulksms.canariblogs.com/how-can-sms-and-text-messaging-work-for-retailers-8427963
http://bulksms.blogminds.com/sms-softwares-one-of-the-best-promotional-tools-7444645
http://bulksms.jiliblog.com/20768838/sms-marketing-could-generate-100-response-rate
https://publiclab.org/profile/smsala
https://ecastats.uneca.org/acsweb/cr/UserProfile/tabid/866/userId/748898/language/en-GB/Default.aspx
https://medium.com/@bulksmsala/how-people-are-making-loads-of-money-using-sms-software-73250a2f786b
https://medium.com/@bulksmsala/marketing-tactics-of-companies-using-sms-software-9662d4502fd1
https://smssoftwarebenefits.tumblr.com/post/183236191427/top-benefits-of-using-sms-software
https://smssoftwarebenefits.tumblr.com/post/183236246692/benefits-of-bulk-sms-service-marketing
https://usingsmssoftware.blogspot.com/2019/03/the-advantages-of-using-sms-software.html
https://usingsmssoftware.blogspot.com/2019/03/sms-marketing-service-strategy-its-key.html
https://www.evernote.com/shard/s737/sh/2300f745-4383-48de-b302-cd5b531c5124/a74f77bb7cd9a120388dd0fe8aff85cc
https://activerain.com/profile/smsala
https://blogsmsala.tumblr.com/post/183423402766/top-7-best-text-marketing-websites
https://medium.com/@bulksmsala/what-all-does-sms-marketing-include-87b259ed2c57
https://www.reddit.com/r/Infographics/comments/b0xeu9/6_ways_sms_can_help_you_hire_better_smsalacom/
https://in.pinterest.com/pin/857232110301551478
https://mix.com/!SaqMYyyj?
https://www.plurk.com/p/n8dlz8
https://www.plurk.com/p/n8dm0e
https://www.plurk.com/p/n8dm25
https://www.scribd.com/presentation/401875657/Mistakes-to-Stay-Aware-of-in-Bulk-SMS-Marketing-converted#
https://www.buzzfeed.com/smsala30/learn-some-of-the-benefits-of-sms-marketing-c0i7pnlsci
https://www.scoop.it/topic/promote-your-online-busines/p/4106251941/2019/03/14/best-transactional-sms-service-quick-delivery-smsala-com
https://medium.com/@bulksmsala/how-to-peak-interest-in-potential-customers-using-text-messaging-marketing-cbe603b3b53b
https://voticle.com/a/articles/22184/increase-brand-awareness-with-sms-marketing
https://www.storeboard.com/smsalabulksmsprovider
https://aguila.storeboard.com/blogs/marketing/increase-brand-awareness-with-sms-marketing/956498
https://medium.com/@bulksmsala/how-to-make-it-online-rendering-bulk-sms-service-delivery-f73aa98e96bf
https://medium.com/@bulksmsala/bulk-sms-marketing-industry-a03a5aa24d1b
https://bestbulksmskenya.blogspot.com/2019/03/launch-premium-rate-sms-service-in.html
https://www.reddit.com/r/Marketingsmsbulk/comments/b1cjdc/sms_marketing_the_new_age_marketing_strategy/
https://drive.google.com/open?id=1DODCL3fkWaYWNKZm8lpE24SZZljC_UuA
https://www.slideshare.net/smsala/become-part-of-the-information-revolution-with-sms-marketing
https://www.linkedin.com/feed/update/urn:li:activity:6512249460054159360
https://issuu.com/smsalateam/docs/become_part_of_the_information_revo
https://manybooks.net/user/smsala-bulk-sms-provider
http://www.feedbooks.com/user/5065119/profile