Skip to content

Metropolitan Bank interrupts all bank transfers related to cryptocurrency

Metropolitan Bank Holding Corp. has stopped all cryptocurrency-related wire transfers, effective immediately, according to a Fortune report. The information came from statements of metropolitan customers who were informed that the bank would "stop all international credit cryptographic transfers."

The decision is highly significant for the crypto industry -change. Metropolitan Bank has acquired the reputation of being favorable to Bitcoin, according to Fortune, which will likely affect the course of its action

For example, Metropolitan would be one of the leading suppliers of services for the exchange of American Coinbase cryptocurrency.

Sign of the future regulation

The official position of the bank has not yet been clarified, but it seems that the risk of inability to audit for international transactions cryptocurrency has led to the movement. On Friday, US Treasury Secretary Steven Mnuchin said that an international effort to control and manage cryptocurrency transfers was needed. could be coming.

See also  Director of the German Central Bank: Cryptographic regulations must be international