Signature Bank Shutdown Caused by ‘Crisis of Confidence’ in Leadership, NYDFS Says

NYDFS Chief Says Regulators Need to Develop a ‘21st Century Framework’ for Crypto

“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, including small businesses like food vendors at Hunt’s Point, residential mortgage banking, commercial real estate, to name a few. DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space.”

Source link

Be the first to comment

Leave a Reply

Your email address will not be published.