Crypto Unscathed From Triple Bank Collapse
Varun Mittal, Founder, Fintech Nation
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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: economy, markets, international
Tags: silvergate capital, signature bank, silicon valley bank, cryptocurrencies,