German crypto bank Nuri with 500K users files for insolvency

Nuri stated that it has been facing a “lasting strain” on its business liquidity in 2022 due to “significant macroeconomic headwinds and the cooling down of public and private capital markets.”

Source: https://cointelegraph.com/news/german-crypto-bank-nuri-with-500k-users-files-for-insolvency

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