The Banksters Continue to Ghetto Crypto

Regulator Warnings Prompt HSBC and Nationwide Banks to Limit Crypto Transactions

"Even with your direct consent in person or by telephone, we can’t remove the restriction and allow you to make a payment to Binance," Nationwide said.

However,

Users can still withdraw the money they have with Binance into their Nationwide accounts.

Because that risk is held by Binance.

... the International Monetary Fund (IMF) and the Financial Action Task Force (FATF) as well keep warning banks about allowing crypto purchases, citing what they say are the risks that cryptoassets can pose to the traditional financial system.

While HSBC lamely stated,

"This is because of the possible risk to customers."

This is not about your precious protection, it's about theirs.

But this is how you really kick crypto in the scrotum:

Silvergate was among the lenders hit the hardest by the fall of the FTX exchange in November last year. It suffered a bank run and had to sell $5.2 billion of debt securities at a significant loss to cover around $8.1 billion in user withdrawals. As a result, it incurred a $718 million loss, which reportedly exceeded the bank’s total profits since 2013.

So, either Silvergate was in on the FTX-scam, or it was duped - either way, a small bank in a shark tank.