https://www.americanbanker.com/opinion/the-rise-in-account-closures-reveals-banks-must-rethink-their-processes
So anti-money laundering (AML ) software flags accounts that deal with cash. Banks then close the accounts for these customers (including perfectly legal coin shops) rather than spend...
Operation Choke Point is a government program designed to target specific industries and debank them. I've written a bit about how OCP 2.0 is targeting the crypto industry, but now it looks like the Eye of Sauron might be looking at precious metal dealers.
More...
The crypto industry recently held a Consensus 2023 industry event in Austin, Texas. It was a 3 day event featuring numerous panels/sessions with speakers/representatives from both crypto and non-crypto companies/industries as well as representatives from various government regulators.
The...