Metropolitan Commercial Bank (MCB), a bank that services Bitfinex, one of the largest cryptocurrency exchanges, was taken into receivership by US regulators.
Silver Miller Bank (SMB), another bank that services cryptocurrency companies, was also taken into receivership by US regulators.
These developments have caused concern within the digital asset space, as banks that specialize in servicing cryptocurrency companies have become increasingly vital to the industry's growth. However, experts have also suggested that these developments may lead to more regulatory oversight, which could ultimately benefit the industry as it continues to mature.
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