🔻 In the US 🇺🇸 , the demise of Silvergate, Signature, and Silicon Valley Bank sent shockwaves through the financial world.
🔻 In the UK 🇬🇧 crypto startups are facing challenges in securing banking services, leading many to turn to the EU for options.
🔥 Europe 🇪🇺 leads the way in providing crypto-friendly banking solutions, with over 120 banks across the continent offering services to individuals, companies, and crypto businesses.
🌍 France 🇫🇷, Germany 🇩🇪, Estonia 🇪🇪, Liechtenstein 🇱🇮, Malta 🇲🇹 and Switzerland 🇨🇭 are all competing to attract crypto firms with innovative regulatory regimes and forward-thinking policies.
🔼 Chinese🇨🇳 state-owned banks in Hong Kong 🇭🇰 start to attract local crypto firms, reflecting China’s new backing for the digital asset industry.
In Europe, governments are taking proactive steps to regulate the crypto industry and meet the growing demand for services. France's Bank of France governor is leading the charge for obligatory licensing of digital asset service providers, while Germany's crypto-friendly banks are partnering with crypto firms to offer digital asset services. Estonia, Liechtenstein, and Malta are also positioning themselves as the go-to destinations for crypto businesses looking for a banking partner.
Switzerland's Sygnum and SEBA banks are fielding an influx of onboarding requests from international crypto firms.
With over 55 banks across the world offering crypto services, Europe 🇪🇺 is leading the way in providing innovative banking solutions to the crypto industry.
Together with our partners from Panterrafinance and Finery Markets we have compiled a list of +125 crypto-friendly banks. Read the full report here: https://coincub.com/ranking/report-crypto-friendly-banks-in-2023/