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Learning & News => News related to Crypto => Topic started by: sirty143 on December 05, 2023, 12:07:51 PM

Title: US Financial Services Platform Sofi Announces Exit From Crypto Market
Post by: sirty143 on December 05, 2023, 12:07:51 PM
US Financial Services Platform Sofi Announces Exit From Crypto Market

(https://i.imgur.com/DO8wkukm.jpg)

Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision... See more for yourself here (https://news.bitcoin.com/us-financial-services-platform-sofi-announces-exit-from-crypto-market/).

Your opinion is greatly appreciated.
Title: Re: US Financial Services Platform Sofi Announces Exit From Crypto Market
Post by: Coinmama7824 on December 12, 2023, 12:33:10 PM
Quote from: sirty143 on December 05, 2023, 12:07:51 PM
US Financial Services Platform Sofi Announces Exit From Crypto Market

(https://i.imgur.com/DO8wkukm.jpg)

Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision... See more for yourself here (https://news.bitcoin.com/us-financial-services-platform-sofi-announces-exit-from-crypto-market/).

Your opinion is greatly appreciated.

Why am I not surprised, Crypto has always been a threat to the government and law makers, which has spiked up the hate on crypto and whatever that has to do with it. They wana be on top and have total control of the financial sector as well as other sectors, but Bitcoin and crypto is threatening to remove that complete financial power from their hands and they're willing to fight crypto to regain that power
Title: Re: US Financial Services Platform Sofi Announces Exit From Crypto Market
Post by: Tribalchief on December 13, 2023, 03:07:38 AM
Quote from: sirty143 on December 05, 2023, 12:07:51 PM
Starting Dec. 19, the financial services platform Sofi will stop offering crypto services to its customers. Sofi said banking regulators’ increased scrutiny of the crypto sector compelled it to make this decision... See more for yourself here (https://news.bitcoin.com/us-financial-services-platform-sofi-announces-exit-from-crypto-market/).

Your opinion is greatly appreciated.
It's getting tougher for those who can't align with the terms and conditions set by those above them. The sad truth is that more companies might distance themselves from crypto services for various reasons that won't be in their favor. I wish them good luck in their next phase, but crypto is here to stay.
Title: Re: US Financial Services Platform Sofi Announces Exit From Crypto Market
Post by: Asiska02 on December 13, 2023, 02:27:45 PM
This news is not a surprising one because we can all see how the cryptocurrency industry is being attacked and hated by the government because of its dominance and the government not being able to regulate its use as they do to other financial sectors today. The US government have not really showed a lot of concern to allow the smooth use of cryptocurrencies in the country without strict regulations being imposed on the use of it.