CoinVoice has learned that, according to a report by Cryptoslate (Wall Street Journal), a new survey shows that among 160 cryptocurrency hedge funds, about 120 funds reported problems with basic banking services over the past three years. These funds invest in digital currencies and blockchain technology companies.
The other 20 alternative investors surveyed (in areas such as real estate and private credit) reported no similar issues. Bank-related problems include poor communication and direct termination of partnerships. Among the cryptocurrency hedge funds facing issues, more than half were explicitly informed by banks that their partnerships would be terminated.
However, the reasons for these decisions are often vague or simply non-existent. When banks provide explanations, they express a desire to limit their risk exposure to cryptocurrency clients or the industry. [Original link]