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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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

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