It lines up alongside Citigroup, JPMorgan Chase & Co. and Bank of America, flagging up concerns that the volatility of Bitcoin et al could cause buyers to renege on repayments.
“We’re doing this in order to be consistent across the Wells Fargo enterprise due to the multiple risks associated with this volatile investment. This decision is in line with the overall industry,” says a Wells Fargo spokesperson.
The bank will, however, “continue to evaluate the issue as the market evolves.”
Singapore, Singapore, 19th September 2024, Chainwire
Grand Cayman, Cayman Islands, 12th September 2024, Chainwire
Warsaw, Poland, 20th August 2024, Chainwire
Singapore, Singapore, 20th August 2024, Chainwire
Grand Cayman, Cayman Islands, 26th July 2024, Chainwire
As usual, the crypto market is keeping everyone guessing what could happen next. After an…