There's a good reason why other banks don't mess with crypto. There will always be some level of reputational and compliance risks associated with doing business with companies invested in cryptocurrency. But since when has reputation and compliance ever been an issue at BNY Mellon, Right? Those things are not a concern as long as there is money to be made.
So now here we are with BNY Mellon involved with being the clearinghouse for possible unregistered securities, and this money is coming from Russia? C'mon.
BNY Mellon obviously doesn't give one hoot about reputation, compliance, or the perception of ethical investing. Those things are all minor inconveniences that take a back seat to profit and revenue.
Shameful!
https://www.coindesk.com/telegram-investor-documents-say-bny-mellon-credit-suisse-helped-process-1-7b-ico