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Crypto Unscathed From Triple Bank Collapse

Varun Mittal, Founder, Fintech Nation

15-Mar-23 07:30

Crypto Unscathed From Triple Bank Collapse

The banking and crypto-currency sectors faced a triple whammy this past week, with the failure of Silvergate Capital, Silicon Valley Bank and Signature Bank in quick succession. The three were central banking partners to the crypto sector, acting as conduits between regulated financial institutions, centralised crypto services, and decentralised finance. How much of a setback are these developments for the growth of digital assets? Fintech expert Varun Mittal weighs in.

Image credit: Shutterstock

Produced by: Sim Wie Boon

Presented by: Shazana Mokhtar, Keith Kam

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Categories:  economymarketsinternational

Tags:  silvergate capitalsignature banksilicon valley bankcryptocurrencies

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