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U.S. Government Using Crisis to Choke Off Crypto Access to Banks

March 15, 2023
in Cryptocurrency
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Final week, Silvergate Financial institution, a California agency that catered to crypto firms, mentioned it could “voluntarily liquidate” and shut down. Days later, tech startup-focused agency Silicon Valley Financial institution (SVB), which had some crypto shoppers, was closed by the California Division of Monetary Safety and Innovation, which mentioned the financial institution had “insufficient liquidity and insolvency.”



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Tags: AccessBanksChokeCrisisCryptoGOVERNMENTU.S
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