correspondent banking relationships
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Nick Szabo· 2026-03-06 20:30
RT Gabriel Abed (@gabrielabed)The debanking crisis isn't confined to the United States. International banks that rely on American correspondent banking relationships have also debanked crypto customers outside of the U.S. A few years ago, I experienced this firsthand with First Citizens Caribbean Bank, a non-national Barbadian bank, where I had held accounts for over a decade.The reason?I received a deposit from Kraken's Payward Inc. (@jespow). That deposit was flagged as a bitcoin transaction, and my accou ...