BaFin Takes Action Against Silicon Valley Bank Germany Branch
<p>The German Federal Financial Supervisory Authority, BaFin, Joins the lengthening list of financial institutions that have presented their position concerning <a href=”https://www.financemagnates.com/cryptocurrency/svb-crisis-circle-escapes-usdc-depeg-with-regulatory-assurance/” target=”_blank” rel=”follow”>the collapse of Silicon Valley Bank (SVB). </a></p><p>The local branch of the bankrupt institution, Silicon Valley Bank Germany Branch, was banned from continuing to provide services due to the high risk of being unable to repay debts […]