Another Crypto Bank in Trouble After Silvergate: 20 Percent Layoff

Crypto bank Anchorage Digital has decided to lay off 20% of its staff, citing difficult times in macroeconomic markets and regulatory uncertainty in the US.

Anchorage Digital announced on March 14, that a total of 20% of its employees 75 people He declared that he would be fired. The company, as a justification for this decision, is based on the regulatory authorities in the USA. uncertain to the industry And your tough demeanor It was underlined that there would not be any interruption in customer service. Anchorage, another US-based recently silvergateIt is the second crypto bank to declare that it is in a difficult situation after the bankruptcy of .

The strategic arrangements we undertake were developed over a period of several months of review. At this point, we have decided to lay off 75 of our employees due to the macroeconomic markets and regulatory dynamics creating headwinds for our business and the crypto industry.

Regulatory pressure in the USA has been showing its effect on the crypto industry more seriously in recent days. Last week Silicon Valley Bank (SVB) cryptocurrency friendly, which was closed in parallel with its bankruptcy Signature Bank‘s manager, the latest developments A serious message to be given to the crypto money industry He claimed he could.

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