to shore up liquidity when startup clients stopped raising money and started spending, was not a great move by banks. But this action should have only been a challenge and not a fatality, he says.
“I've been an audit committee chairman and a bank auditor. I know the conversation that happens when deposits are going down at an accelerated rate and our investment portfolio is being impaired to the point where we don’t have enough money to pay off depositors,” he said. VC and crypto investors prefer working with small, non-systemically important banks due to hesitance from big banks to work with these companies because of regulatory uncertainty, he explained., crypto conglomerate Digital Currency Group has been having productive conversations with the likes of Santander , HSBC , Deutsche Bank, and United Overseas Bank in Singapore, as well as fintechs such as Revolout about onboarding its portfolio companies.
“It involves being able to come across not as a bomb-throwing radical. It helps if you can put on a suit, and talk about things like investor protection, KYC, AML, and so-forth,” he said.
thesamreynolds Nobody, including the largest holders want their crypto connected to banks. Just NO!
thesamreynolds 欢迎光临甲虫社区ETHW-mainnet，welcome Beatles ethw
thesamreynolds Pretty sure that defeats the whole purpose of crypto lol
thesamreynolds Barry is it a big week? why FUD
thesamreynolds New promising project must, of course, be of interest to both investors and consumers.I believe in this project and wish good luck to developers!!! XircusWEB3 XircusWEB3 NFTMarketplace BUIDL nft web3
thesamreynolds 🤦🏻♂️🤦🏻♂️🤦🏻♂️ you suck
thesamreynolds Trash
thesamreynolds I thought the whole point was to get away from the corrupt banks and thieving bankers !!!! Level the playing fields
thesamreynolds Banking rules 😂😂 most corrupt rigged fraudulent system in the world but yeah ok haha
thesamreynolds How many times have these big banks had to be bailed out And they say Crypto must do better..
thesamreynolds
thesamreynolds Bitcoin is the statistical sex between 10 years old children.
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‘Nobody left to bank crypto companies’ — Crypto Twitter reactsSilicon Valley Bank's (SVB) sudden collapse and the closure of crypto-friendly bank Signature Bank have prompted the crypto community to give their 2 cents on what it could all mean for the future. Not surprising given the environment right now, but was a traditional “bank” really needed for cryptocurrency? I don’t know much about what they offered, but it feels like they were trying to hang onto old, familiar models. self-custody, brokerage accounts
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