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However that’s an unlikely state of affairs. As a substitute, within the coming years extra banks – with greater profiles – will probably be keen to work with crypto companies. Higher coverage might be put in place, and mature crypto companies that survive, or begin in, the bear market must meet tighter rules and undergo extra scrutiny. This prediction is partially based mostly on a hunch, and some background calls with bankers who couldn’t go on the file and who stated that crypto remains to be an space of enterprise growth. Whereas issues appear bleak, it’s essential to acknowledge that bitcoin didn’t go to zero and that a lot of the business is greater than holding up.
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