Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
Shaktikanta Das reiterated his earlier criticisms of the cryptocurrency sector.
Mike Dalton 2 min read 
In the wake of the FTX collapse, withdrawals from Silvergate spiked, and its deposits fell by $3.8 billion at the end of 2022.
Rules for crypto companies could take effect sooner rather than later.
According to MCB, the industry's recent developments and changes in banks' regulatory environment were reasons for leaving the crypto asset vertical.
ECB's Executive Board member Fabio Panetta wrote in the ECB blog emphasizing the need for crypto regulation and CBDCs.
Silvergate Capital faced a $8.1 billion bank run and was forced to sell assets at a loss, resulting in a $718 million loss.
Last month's staffing changes were not due to performance issues, CEO Alan Lane says.
The crypto-focused bank is reviewing transactions related to FTX and Alameda.
New York regulated banks will need to inform the Department of Financial Services about their intentions to offer crypto services at least 90 days before their commencement.
