Swiss Regulator Shuts Down Crypto-Linked FlowBank SA

Crypto-linked bank FlowBank SA shut down on Thursday, June 13, with Switzerland’s financial regulator citing bankruptcy. Among other reasons, the regulator revealed well-founded concerns about the bank’s financial health. Switzerland’s FlowBank Shuts Down The Swiss Financial Market Supervisory Authority (FINMA) has closed the crypto-linked bank FlowBank SA, citing financial... source: https://beincrypto.com/swiss-regulator-shuts-down-crypto-friendly-flowbank/