Former Signature Bank Chairman Said the Bank Cut Back on Digital Asset Deposits in Wake of Volatility

Publikováno: 16.5.2023

#Blockchain News #Silicon Valley Bank #Signature Bank #Silvergate Bank #Regulation

Crypto-friendly Signature Bank “significantly’ cut back on digital asset deposits in the wake of increased volatility and regulators' concerns at the end of last year, said the former chairman and co-founder of the now-shuttered bank.
“Unfortunately, a series of truly extraordinary and unprecedented events unfolded quickly,” said Scott Shay, Signature’s former co-founder and chairman in prepared testimony on Monday....
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