đ» In the US đșđž , the demise of Silvergate, Signature, and Silicon Valley Bank sent shockwaves through the financial world.
đ» In the UK đŹđ§ crypto startups are facing challenges in securing banking services, leading many to turn to the EU for options.
đ„ Europe đȘđș leads the way in providing crypto-friendly banking solutions, with over 120 banks across the continent offering services to individuals, companies, and crypto businesses.
đ France đ«đ·, Germany đ©đȘ, Estonia đȘđȘ, Liechtenstein đ±đź, Malta đČđč and Switzerland đšđ are all competing to attract crypto firms with innovative regulatory regimes and forward-thinking policies.
đŒ Chineseđšđł state-owned banks in Hong Kong đđ° start to attract local crypto firms, reflecting Chinaâs 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 đȘđș 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/