Interest in crypto remains high despite suspected government crackdown on crypto banking crypto cryptocurrency banking
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While there is plenty of evidence to support Carter’s claims, such as Signature Bank halting USD transfers of less than $100,000 from Binance, or the closing of the crypto unit at Metropolitan Commercial Bank, the government's efforts might be too little, too late as many in the industry now see crypto as inevitable.
Seventy percent of the bank's clients also said they would increase their digital asset activity if services like custody and execution become available from recognized, trusted institutions. And 88% of the bank's clients said they would be moving forward with their plans despite the 2022 market crash.
During a Q4 earnings call that took place in January, Robin Vince, the CEO of BNY Mellon, said the bank remains dedicated to advancing its longer-term growth initiatives, which include digital assets.
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