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RE: Metropolitan Bank Halts Crypto-related Wire Transfers

in #crypto7 years ago

Unfortunately I think that scenarios like this are inevitable. Cryptocurrencies are causing serious disruption in so many industries that big corporations and banks are really worrying.

While this is technically good news for cryptos, it is also bad - a lot of these entities will shy away from cryptocurrencies due to a fear of regulation implementations and a fear that they will be hit hard if the market tanks.

That being said, I highly doubt that this will damage the cryptocurrency market in the long run - there will be more open and eager companies looking to reap the benefits of the blockchain and cryptocurrencies!