The Swiss financial watchdog, the Financial Market Supervisory Authority (FINMA), closed FlowBank and declared it insolvent. This came after FlowBank was found to lack proper capital and was reportedly in deep debt. Deposits of up to 100,000 Swiss francs are guaranteed, but the situation with the crypto assets is still unclear. FlowBank Shut Down by The post FINMA Orders Closure of Crypto Bank FlowBank, Begins Liquidation appeared first on CoinGape .