Money Talks

Crypto Bank Silvergate announces 'Voluntary Liquidation' as regulation puts sector under scrutiny


Listen Later

The rapid and ruthless humbling of crypto prices last year has slowed down, but the consequences for crypto companies continue. Silvergate Bank is the latest casualty. It's going out of business. The bank did business with some of the crypto market's biggest players and was responsible for around 11 billion dollars in customer assets. Those will now be handed back to their owners, but the firm's unpaid liabilities are an open question. The firm called the move a voluntary liquidation. It comes amid investigations into the company by US federal and California financial authorities and an anticipated rise in regulatory scrutiny of the crypto sector.
...more
View all episodesView all episodes
Download on the App Store

Money TalksBy TRT World


More shows like Money Talks

View all
Daily News Brief by TRT World

Daily News Brief

42 Listeners

Business in 60 Seconds by TRT World

Business in 60 Seconds

2 Listeners

Bigger Than Five by TRT World

Bigger Than Five

1 Listeners

Nexus by TRT World

Nexus

1 Listeners

Route 66 by TRT World

Route 66

0 Listeners

Compass by TRT World

Compass

0 Listeners

Strait Talk by TRT World

Strait Talk

2 Listeners

Roundtable by TRT World

Roundtable

1 Listeners

Newsfeed by TRT World

Newsfeed

0 Listeners

Off The Grid by TRT World

Off The Grid

0 Listeners