Banks Cut Ties With Isle of Man’s Bitcoin Industry

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Capital Treasury Services (CTS), the company that links bitcoin businesses to banks in the Isle of Man, is to cut ties with the digital currency sector as of next month.

CTS, which is a subsidiary of Capital International Group, currently works with a number of digital currency companies in the Isle of Man, acting as their banking solution.

The company is not a bank, but a treasury service, which holds funds for a number of companies across a variety of sectors.

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