RATE Group | Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street
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Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

25 May Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

Posted at 04:19h in Bitcoin News by

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Bitcoin in Brief Thursday: Main Street Adopts Bitcoin Ahead of Wall Street

The Daily

In today’s edition of Bitcoin in Brief we feature stories that show how fast and nimble banks that support cryptocurrency-based businesses are benefiting at the expense of the larger players that have yet to enter the market, how more financial institutions want to join and how crypto ventures are making it easier for them.

Also Read: Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining

Small Banks Love Bitcoin

With major US banks too afraid to serve all American bitcoin users and businesses, smaller banks are picking up the slack and making a fortune doing so. New York-based Metropolitan Bank for example was able to build up deposits from crypto business without building costly new branches, and more than…

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