What precisely is Operation Chokepoint 2.0?
In an electronic mail with topic “[URGENT] Bitwage Banking Change – Change of Service Provided” dated as we speak, BitWage mentioned:
Expensive Bitwage Neighborhood,
The cryptocurrency sector has been dealing with challenges because of rising regulatory strain on the US banking business, in what many are calling “Operation Chokepoint 2.0”. This strain has come within the type of SEC Wells Notices, closed-door conversations between regulators and banks, and limiting direct entry from crypto-friendly banks to the Federal Reserve. In our dedication to offering you with the very best high quality service, we’ve got labored diligently to take care of steady banking relationships amidst this business crackdown.
