Banking crypto companies, why has it been so hard, what's changing, and what do crypto companies need to know to get a banking partner.
Since Bitcoin’s emergence into the public consciousness, there has been a healthy dose of scepticism from the traditional banking world. Quite simply it has been a gauntlet for any Crypto-related company to obtain a bank account within a reputable jurisdiction.
UK based BCB Group focuses on providing business banking and payment solutions for those affected, working with a who’s who list of leading blockchain and cryptocurrency institutions. Partner Ben Sebley joins us to discuss:
Why is it so b******* tough?
The typical hurdles for companies looking to get banked?
War stories from companies who raised funds via ICOs?
Are bankers still being threatened with the sack for holding Bitcoin? (allegedly!)
Changing regulation and if this is helping/harming Blockchain companies?
US Banks being able to custody Bitcoin.
Lining up your ducks.
How you can increase your chances for a successful application.
Meet Ben Sebley:
Ben is the Chief Growth Officer for UK based BCB Group. He started in November 2019 and continues to be so up-to-date.
Connect with Ben: