You can’t retract the facts
Complex Systems with Patrick McKenzie (patio11)
Navigating Crypto Debanking Challenges
This chapter examines the difficulties a crypto company faces in building banking relationships, including the abrupt closure of accounts and the stigma of being labeled a high-risk client. It critiques the regulatory pressures prompting banks to distance themselves from cryptocurrency services while emphasizing the need for a nuanced understanding of debanking's implications. Additionally, it explores the intricacies of custodial banks, using Anchorage Digital as a case study to highlight operational challenges and compliance issues in the crypto sector.
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