One of the first banks to dive into crypto is exiting the business, citing 'recent developments' | Business Insider

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One of the first banks to dive into crypto is exiting the business, citing 'recent developments'.

Metropolitan Commercial Bank says the firm will terminate its crypto-related offerings for clients.The firm cited changes in the regulatory environment as part of its decision. Metropolitan Commercial Bank's holding company says its the firm will wind down its crypto-related offerings this year, according to aThe New York-based bank, which about $6.

The bank doesn't hold any cryptocurrency on its balance sheet, nor does it hold any outstanding loans with its crypto-related clients.

 

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