Signature, Silvergate collapse may create crypto liquidity issues as banks shy away from purchases

The closure of New York based Signature bank, which has a number of crypto clients, is likely to reverberate across the digital asset industry, days after California's Silicon Valley Bank collapsed in the second-largest bank failure in U.S. history, and Silvergate Bank, another crypto-friendly bank, said it would wind down.

• 2023-03-15
• Silvergate Bank Signature bank bank failures Silicon Valley Bank crypto exchange fiat currencies banks chief executive digital asset Silvergate David Wells

Collapse of Signature, Silvergate may create crypto liquidity issues as banks shy away from purchases

The closure of New York based Signature bank, which has a number of crypto clients, is likely to reverberate across the digital asset industry, days after California's Silicon Valley Bank collapsed in the second-largest bank failure in U.S. history, and Silvergate Bank, another crypto-friendly bank, said it would wind down.

• 2023-03-14
• Silvergate Bank Signature bank bank failures Silicon Valley Bank digital asset fiat currencies banks chief executive Silvergate David Wells

Bitcoin, ether rally as Fed announces new emergency loan program for banks

Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank and Silvegate Bank both collapsed in the past few days.

• 2023-03-13
• Silicon Valley Bank Silvergate Bank Signature Bank emergency loan program Federal Reserve banks CoinDesk financial regulators

How much exposure do global banks have to crypto?

The exposure that banks around the world have to crypto is minuscule, according to a new report by the Bank for International Settlements (BIS).

• 2023-03-02
• crypto asset Bank for International Settlements total assets banks crypto products exposure

EU calls for fast-track crypto capital rules for banks

Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union's pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc's executive has said. The global Basel Committee of banking regulators from the world's main financial centres has set a January 2025 deadline for implementing capital requirements for banks' exposures to cryptoassets such as stablecoins and bitcoin. "For the time being, banks have very low crypto-asset exposur

• 2023-02-20
• Basel Committee European Union European Commission crypto rules banking law banks