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September 01, 2020 1:28pm
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Collapse of Signature, Silvergate may create crypto liquidity issues as banks shy away from purchases

The closure of New York based Signature bank, which has a number of crypto clients, is likely to reverberate across the digital asset industry, days after California's Silicon Valley Bank collapsed in the second-largest bank failure in U.S. history, and Silvergate Bank, another crypto-friendly bank, said it would wind down.
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