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Bitcoinist

2023-02-02 08:22:17

This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?

This Bank Ends loans Secured By Crypto Mining Rigs, What’s Ahead?

A crypto-friendly bank, BankProv, has recently announced that it will no longer offer loans backed by crypto mining rigs. Previously, the bank offered such loans as a way for clients to fund their mining operations. But now it cited changing market conditions and increased regulatory inspection as reasons to halt these services. Reasons for The

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