BFM 89.9
The Business Station
Crypto Unscathed From Triple Bank Collapse
11 mins·07:30, 15 Mar 2023
Crypto Unscathed From Triple Bank Collapse
11 mins
·
07:30, 15 Mar 2023
·
Recommended
Guest: Varun Mittal, Founder, Fintech Nation
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
Presenter: Shazana Mokhtar, Keith Kam
Producer: Sim Wie Boon
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