FDIC denies that potential buyers of signatures have to give up crypto

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Von Krypto News Österreich

Nach dem Zusammenbruch der Silvergate Bank – einer der beiden wichtigsten Banken, die Finanzdienstleistungen für Kryptoplattformen erbringen – begannen ehemalige Kunden, zum Konkurrenten Signature zu wechseln, nur damit letzterer von den US-Behörden unter Berufung auf erhebliche Liquiditätsprobleme beschlagnahmt wurde. Signifikantes Krypto-Exposure Angesichts des mangelnden Vertrauens der Öffentlichkeit in den Bankensektor entschieden die US-Behörden am Wochenende, die Signature Bank unter Zwangsverwaltung zu stellen, und informierten ihre Führung nur wenige Stunden vor der öffentlichen Ankündigung. Die Bank war hauptsächlich in Krypto investiert, wobei über ein Viertel aller Einlagen aus der Branche stammten. Die Nachricht versetzte vielen Hauptstützen der Kryptoindustrie einen Schlag, indem …
After the collapse of Silvergate Bank-one of the two most important banks that provide financial services for cryptoplate forms-former customers began to switch to the competitor signature, only so that the latter was fogged by the US authorities, citing significant liquidity problems. In view of the lack of confidence in the banking, the US authorities decided significant crypto exposure in view of the lack of trust in the banking sector at the weekend of putting signature bank under forced administration and informed their leadership just a few hours before the public announcement. The bank was mainly invested in crypto, with over a quarter of all deposits came from the industry. The news put a blow to many main supports of the crypto industry by ... (Symbolbild/KNAT)

After the collapse of Silvergate Bank-one of the two most important banks that provide financial services for cryptoplate forms-former customers began to switch to the competitor signature, only so that the latter was fought by the US authorities, citing considerable liquidity problems.

significant crypto exposure

In view of the lack of trust in the public, the US authorities decided at the weekend to put the Signature Bank under forced administration and informed their leadership just a few hours before the public announcement. The bank was mainly invested in crypto, with over a quarter of all deposits came from the industry.

The message put a blow to many mainsters of the crypto industry by decoupling the USDC from Circle and, among other things, caused uncertainty at Coinbase and Paxos, which had hidden considerable assets in Signature Bank, among other things.

The bank and its assets were offered for sale by the US authorities, with the restriction that only potential buyers with an existing banking license were allowed to take a look at their finances. This meant that both the Royal Bank of Canada and PNC Financial Services ultimately decided against a purchase.

FDIC denies any restriction of crypto exposure

At that time, undisclosed sources of Reuters informed that the FDIC had informed potential buyers that they had to retreat fully from the cryptocurrency industry.

A spokesman for the FDIC has now denied any such restriction, implicitly or otherwise. As a result, Reuters updated his previous article to reflect the refutation of the FDICs.

Instead, the FDIC spokesman allegedly referred to an earlier explanation in which he only explained that dealing with cryptocurrency could be a risk.

"In view of events that highlight a number of risks related to crypto-assets and participants of the crypto-asset sector, the agencies made an explanation in January 2023 in which they deal with the most important risks and now issue an explanation of liquidity risks. In view of these increased risks, this is important for banking organizations [...] To actively monitor liquidity risks and introduce effective risk management practices and maintain. ’

According to the speaker, potential buyers of the Signature Bank can explain which assets and former customers they want to take over. Nevertheless, they are neither prohibited nor discouraged to continue existing business relationships with the crypto industry.

The FDIC is currently trying to sell signature after a previous attempt last Sunday.

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