THE ROLE OF CRYPTOCURRENCY IN THE FAILURES OF SILVERGATE, SILICON VALLEY, AND SIGNATURE BANKS

On 25 April, a briefing from the US Congressional Research Service says that the involvement of a number of recently failed banks with the cryptocurrency industry seemed to be the manifestation of crypto market volatility affecting traditional finance.  This Insight discusses the crypto activities of these banks and whether they may have exacerbated other bank risks.

https://crsreports.congress.gov/product/pdf/IN/IN12148

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017