Wise Continues Crypto Crackdowns Despite Announced Stablecoin Pivot

Fintech firm Wise, while advertising job openings for digital asset specialists to potentially pivot towards crypto, is simultaneously maintaining harsh Web3 policies. This contradiction was highlighted when Wise closed the account of a Web3 education firm, Finematics, despite the user not engaging in actual token trading, citing violations of the acceptable use policy. Wise's current policy explicitly forbids customers from purchasing, accepting, or trading crypto, or even handling funds on behalf of traders. Users have complained throughout the year about abrupt account freezes, comparing Wise's actions to "Operation Choke Point." Experts suggest that this continued hostility towards the crypto community, evidenced by these crackdowns, will severely impair Wise's ability to successfully enter the digital asset space, as community trust is vital for Web3 growth.

(Source：BeInCrypto)