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Metropolitan Commercial Bank Requests Tether Close Accounts with Coindesk
Summary: On July 10th, it was reported that Metropolitan Commercial Bank has requested stablecoin issuer, Tether to close its accounts with Coindesk. The intended closure is a result of Tether inactivity with the accounts since their establishment. A bank’s spokesperson has explained: “Metropolitan Commercial Bank had limited, corporate operating accounts with Tether Holdings LTD, iFinex Inc, ...
On July 10th, it was reported that Metropolitan Commercial Bank has requested stablecoin issuer, Tether to close its accounts with Coindesk.
The intended closure is a result of Tether inactivity with the accounts since their establishment.
A bank’s spokesperson has explained:
“Metropolitan Commercial Bank had limited, corporate operating accounts with Tether Holdings LTD, iFinex Inc, and Digfinex Inc, all with negligible activity, and requested the accounts to be closed after less than 5 months of the accounts being opened.”
Author: May Arjomand
Tags: Bank,closure,Coindesk,Tether
Link: Metropolitan Commercial Bank Requests Tether Close Accounts with Coindesk [Copy]
