‘Nobody left to bank crypto companies’ — Crypto Twitter reacts By Cointelegraph
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Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.
On Mar. 12, the Federal Reserve announced the closure of Signature Bank (NASDAQ:) as part of “decisive actions” to protect the U.S. economy, citing “systemic risk.” It came only days after the closure of U.S. bank — Silicon Valley Bank — which was ordered to shut down on Mar. 10.
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Crypto companies could find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community.
On Mar. 12, the Federal Reserve announced the closure of Signature Bank (NASDAQ:) as part of “decisive actions” to protect the U.S. economy, citing “systemic risk.” It came only days after the closure of U.S. bank — Silicon Valley Bank — which was ordered to shut down on Mar. 10.
Continue Reading on Coin Telegraph
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