Swiss Financial Market Supervisory Authority closes crypto bank FlowBank and initiates bankruptcy proceedings
The Swiss Financial Market Supervisory Authority (FINMA) has decided to shut down FlowBank, a Swiss online bank that provides cryptocurrency services to customers. The regulatory agency stated that the bank no longer has enough capital to sustain its banking operations, and there are sufficient reasons to be concerned about the bank's current excessive debt and lack of prospects for restructuring. It is reported that the Swiss law firm Walder Wyss has been appointed by FINMA as the liquidator for the bank.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ETH 10th anniversary—Bitget community carnival
[Initial Listing] Bitget Will List NERO Chain (NERO). Come and grab a share of 65,000,000 NERO
Notice: VND deposit service Back to Normal
[Initial Listing] Bitget Will List DePHY (PHY). Come and grab a share of 6,600,000 PHY
Trending news
MoreCrypto prices
More








