Financial Services Financial Services

Comment: SVB’s collapse upends UK banks' warnings on crypto risks

By Phoebe Seers
  • 14 Mar 2023 16:03
  • 14 Mar 2023 16:21
For years, financial regulators and international standard setters have warned banks about the dangers of getting too close to the cryptoasset business.
In turn, banks have warned their customers not to exchange their current account cash for crypto tokens, and in some cases, even banning them from doing so.


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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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