$#$BTC 🚨 Vast bank is shutting down its crypto program!!!
Vast Bank, the first US bank to allow customers to hold cryptocurrencies in their accounts, is shutting down its crypto program.
▪️ Vast Bank's decision to shut down its crypto program reflects the challenges facing the crypto industry in the United States. Lack of regulatory transparency and increased scrutiny by government authorities keep banks hesitant to commit to the sector.
In 2019, Vast Bank entered the crypto industry and partnered with Coinbase and SAP to provide cryptographic services to its customers.
👈 This bank is leaving the crypto industry due to "regulatory uncertainty".
