Signature Bank's Buyer Must Agree To Give Up Crypto Business: Reuters | CoinMarketCap

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cryptonews: Financial institutions that are interested in acquiring SiliconValleyBank and Signature Bank have until tomorrow to put in a bid, according to reports. 👀

Financial institutions that are interested in acquiring Silicon Valley Bank and Signature Bank have until tomorrow to put in a bid, according to reports.

After the story was published, an FDIC official challenged this — and said it would not require "divestment of crypto activities as part of any sale." Signature Bank offered crucial infrastructure that allowed crypto businesses to offer a fiat on-ramp to their customers — and execute instantaneous transfers 24/7.

Some are now beginning to look beyond the U.S. — and to areas including Switzerland, Asia and The Bahamas.

 

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Looks like the banks are getting ready to make a big splash in the crypto space. 🤔

I will keep my money in VerusCoin. You can't trust banks.

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I would like to buy it for 15 million Shib.

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