<ul><li>Around 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the past three years, according to a survey by the Alternative Investment Management Association (AIMA).</li><li>The banking issues ranged from unclear communication to outright termination of relationships, with a little over half of the affected crypto hedge funds being explicitly informed by banks that their relationships would be terminated.</li><li>There have been discussions within the crypto industry about the existence of an effort called 'Operation Chokepoint 2.0,' which aims to limit access to banking services for the crypto industry in the US.</li><li>Letters from the Federal Deposit Insurance Corporation (FDIC) to banks, urging them to pause or stop crypto-related activities, have been released, sparking further claims of a coordinated effort to hinder the crypto industry.</li></ul>

More than 100 crypto hedge funds report banking hurdles in the past 3 years

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