Potential buyers of signature must give up the crypto business (report)

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Unternehmen, die bereit sind, die angeschlagene Signature Bank zu übernehmen, müssen Berichten zufolge ihr Geschäft mit Kryptowährungen aufgeben. Kaufinteressenten für das Finanzinstitut oder die Silicon Valley Bank (SVB) können bis zum 17. März Gebote abgeben. Beide Unternehmen, die als Hauptkreditgeber für zahlreiche Krypto-Organisationen fungierten, zeigten Anfang dieser Woche betriebliche Schwierigkeiten, was die amerikanischen Aufsichtsbehörden dazu veranlasste, sie zu schließen. Die notwendige Bedingung: Vergessen Sie Krypto Laut einer aktuellen Reuters Abdeckungmuss jeder potenzielle Bieter der Signature Bank zustimmen, alle Kryptowährungs-Streifzüge bei der Organisation aufzugeben. Die amerikanischen Behörden gezwungen Die Bank hat vor einigen Tagen ihre Türen geschlossen, nachdem sie erhebliche Liquiditätsprobleme …
Companies that are willing to take over the battered Signature Bank must report their business with cryptocurrencies. Prospective buyers for the financial institution or the Silicon Valley Bank (SVB) can hand over bids by March 17. Both companies that acted as the main loan for numerous crypto organizations showed operational difficulties at the beginning of this week, which caused the American supervisory authorities to close them. The necessary condition: According to a current Reuters coverage, forgot every potential bidder of the Signature Bank to give up all cryptocurrency forays during the organization. The American authorities forced the bank closed its doors a few days ago after considering considerable liquidity problems ... (Symbolbild/KNAT)

Companies that are willing to take over the battered Signature Bank must report their business with cryptocurrencies. Prospective buyers for the financial institution or the Silicon Valley Bank (SVB) can hand over bids by March 17.

Both companies that acted as the main creditor for numerous crypto organizations showed operational difficulties at the beginning of this week, which prompted the American supervisory authorities to close them.

The necessary condition: Forget crypto

According to a current Reuters Cover , every potential bidder of the signature has to give up all cryptocurrency for the organization.

The American authorities forced a few days ago, after it had uncovered significant liquidity problems. The Federal Reserve claimed that the measures aimed to strengthen the public's trust in the local banking system.

Several crypto-related companies used the services of signature, which meant that they had significant problems. The stock exchange based in the United States Mint-based said it would hold $ 240 million in corporate money, while the blockchain infrastructure platform-Paxos-an engagement of $ 250 million had.

Consideration with regard to a possible banking crisis in the most powerful economy in the world came when the Silicon Valley Bank supervisory authorities, one of the 20 largest domestic banks, pulled the plug before their collapse. Circle-The company that publishes the StableCoin USDC- allowed $ 3.3 billion of its cash reserves there.

The news had a negative impact on the asset, which fell from its dollar value up to $ 0.87 (Coingecko data). In the following days the USDC stabilized and is currently moving to its price.

Several bidders, including PNC Financial Services and the Royal Bank of Canada, examined the option last week to take over Silicon Valley Bank. The SVB could apply for bankruptcy protection to sell its remaining assets, added Reuters.

Signature’s Cracks before the crash

as cryptopotato registered , including the ministerial justice (doj) and the securities and Exchange Commission (SEC), previously examined whether the Signature Bank took the necessary measures to combat money laundering by monitoring transactions. It remains unknown when the probe was started and whether it was forcing the wax dogs to close the institution.

The supervisory authorities assured that they had taken measures to prevent a possible domino effect in the American financial sector. President Joe Biden also reduces the spreading panic, which the domestic banking system describes as "safe".

He said that taxpayers would not feel the downfall of the SVB because the money would get out of fees that the banks release in the deposit security fund. However, companies and investors who are exposed to the bank will lose their assets because "capitalism works," he said.

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