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Bitcoin: When Banks and Governments no Longer Control the Money
What are the best crypto friendly banks in ? � Revolut � Wirex � Juno � Monzo � Ally Bank � BankProv � Cash App � Quontic. Crypto firms have been left scrambling to find banking partners after the collapse of three crypto-friendly lenders in the U.S. last month. Banking regulators' recent speeches, guidance and policy statements have made their stance on cryptocurrency clear: digital assets are a threat.

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Guidance and regulation surrounding digital assets is sparse, leaving many financial institutions wary of adoption. Cryptocurrency can majorly impact traditional banking practices, making them faster, more secure, and more efficient. Security Concerns Banks can help mitigate the security concerns of cryptocurrency holders. Regulators' speeches and guidance have indicated that they feel digital assets are a threat to the safety and soundness of banks, but it remains unclear how much they will allow banks to be involved with cryptocurrency moving forward.