Crypto-friendly US-based bank Silvergate Bank has begun the voluntary process of liquidation, according to a statement issued by the California Department of Financial Protection and Innovation (DFPI). 
The announcement of Silvergate Bank’s liquidation comes just a day after reports surfaced suggesting that the bank was discussing ways to avoid a shutdown with US federal officials….
Read More: Breaking News: Crypto-Friendly Silvergate Bank Announces ‘Voluntary Liquidation’ – A Blow for Crypto Adoption?