Binance Chief Changpeng Zhao Summoned at Malta Address, Says Won’t Have to Appear
The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person.
The filing by the SEC cites Binance’s operations in Malta with CZ noting that he won’t have to appear in person.
Regional banks are financial institutions that operate in specific geographic areas of the country and often provide a variety of banking services such as deposit accounts, loans, and other financial goods.
The push to support crypto is gaining traction in Hong Kong as some banks are already pledging support to the industry.
With the Federal Reserve refusing to back down on its rate hikes, investors are beginning to turn to risk-on assets to safeguard any potential fallout from hawkish monetary policies.
As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry.
Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal.
Other services on the exchange remain as they were, and would not be affected by the upcoming change.
Considering the influence of the US markets, other Asian banking regulators including the MAS have affirmed that the Swiss firm’s takeover will have no material impact on retail customers.
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.
Christine Okike said BlockFi remains safe and looked to access significant cash held with Silicon Valley Bank yesterday.