Britannia Bank Acquires Deltec Bank's Business Line

According to Odaily, Deltec Bank and Trust has sold its business line to Britannia Bank and Trust. Both banks have previously provided services to Tether and operate in the Bahamas. Julian Francis, Chairman of Britannia, clarified that the acquisition involves Deltec Bank's business line, not Deltec itself. Deltec Bank was once a crucial institution in the crypto ecosystem, offering banking services to Tether and other cryptocurrency entities when most banks refused to engage with them.