Kommunitas

<p>Silvergate Bank, which is known for its cryptocurrency-friendly policies, has decided to liquidate its assets and shut down operations voluntarily. The decision came after the bank faced criticism for delaying the filing of its annual report due to concerns from its independent auditors and accounting firm about its financial figures. Senate Banking Committee Chairman Sherrod Brown expressed his worries about the risks associated with banks getting involved with crypto, stating that it spreads the risk across the financial system, putting taxpayers and consumers at risk. He emphasized the need for strong safeguards to be put in place to protect the financial system from the risks of cryptocurrencies.</p><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/aeb311227b294164bc33c49dd5634372.jpg"><p>#KOMnews #kommunitas #silvergate #liquidate #shutdown #cryptocurrency #cryptonews #cryptoupdate</p>

Silvergate To Voluntary Liquidate

Kommunitas Official

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