“This decision follows a careful review by the Board of Directors and management and reflects recent developments in the crypto-asset industry, material changes in the regulatory environment regarding banks’ involvement in crypto-asset related businesses, and a strategic assessment of the business case for MCB’s further involvement at this time,” the bank said.
Source: https://www.coindesk.com/business/2023/01/09/metropolitan-bank-heads-for-crypto-exit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines