US Crypto Firms Will Soon Have Another Banking Option [Yahoo! Finance News]
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Source: Yahoo! Finance News
US Crypto Firms Will Soon Have Another Banking Option Things may be about to get a little easier for firms working with cryptocurrency in the U.S. U.K.-based Cashaa, which describes itself as a banking service platform, is about to launch bank accounts for stateside crypto firms denominated in U.S. dollars. Related: The new accounts will be open for applications from Nov. 25, with Cashaa saying they offer full banking features with access to all nations globally, bar sanctioned jurisdictions. Archit Aggarwal, Cashaa’s chief product officer, further said the accounts would be domiciled in the U.S. and have “full access” to automated clearinghouse ACH) and SWIFT networks. Crypto and other “high risk” firms will need to fork out an account set-up fee of 250,000 CAS – Cashaa’s own token. That’s roughly $1,576 at the token’s current price of $0.006306, according to CoinMarketCap The firm also said it’s created a “pre-compliance team” to make onboarding new firms a quicker affair, as well
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