Superintentant Nydfs: "Closing the Signature Bank is not associated with cryptocurrencies" – Bits Media

Superintendant of the Department of Financial Services of the state of New York (NYDFS) called the assumption about that, that the Signature bank was closed due to maintenance of cryptocurrency companies.

Adrienn A. Harris (Adrienne A. Harris) assured, what is the reason for the closure of the bank There were several undigested deposits and the absence of liquidity management protocols to satisfy requests for withdrawing funds:

“The idea of ​​that, that the closure of Signature was associated with cryptocurrencies, really ridiculous ".

Previously, NYDFS called on the companies to separate the crypto acts of customers from their own assets, securing users from financial losses. Besides, The department requires, so that castedial services transparently disclose the information and provide easy access to the client agreement in accordance with the laws of the state of New York.

Despite its statement, Superintentant Nydfs convinced: The cryptocurrency industry has not yet matured, Although its popularity is growing. According to Harris, Too many crypto companies do not comply with the law on banking secrets and the requirements to combat money laundering (AML). Besides, It would not hurt many to increase the level of cybersecurity to protect against hacker attacks. Therefore, companies, Using the latest technologies, should hire specially trained staff.

Last month, Signature Bank was faced with serious financial difficulties and was closed by American regulators. According to the Federal Corporation for US Deposit Insurance (FDIC), The cryptocurrency customers of the bankrupt bank had the opportunity to close their accounts and withdraw money to 5 april.

At the end of last year, Harris proposed levying a fee from licensed cryptocurrency companies for regulating their activities.