3 ms·
Anecdotal evidence: Friends of mine tried to open up a corporate bank account in Singapore for their crypto-business. Doesn't go too well.
by jsemrau 4y ago
Anecdotal evidence: Friends of mine tried to open up a corporate bank account in Singapore for their crypto-business. Doesn't go too well.
- zoklet-enjoyer 4y agoHodlnaut is in Singapore. Makes sense banks there would want to avoid crypto companies after this huge failure. https://en.m.wikipedia.org/wiki/Hodlnaut https://en.m.wikipedia.org/wiki/Hodlnaut
- jsemrau 4y ago3AC as well.
- yreg 4y agoI don't know about Singapore specifically, but it has always been notoriously difficult for crypto businesses to open bank accounts.
- strangattractor 4y agoProbably all those regulations put in place to keep people from disappearing with your money. There are many other friendly countries for these types of businesses like the Bahamas for example.
- epolanski 4y agoBanks don't work with crypto. It's known.
- shapefrog 4y agoAnecdotal evidence: I tried to open up a personal bank account in Singapore for myself. Doesn't go too well. And that was with a bank that I have a private banking relationship in 6 countries already...