CoinShares International Limited, a European investment company specialising in digital assets, announced that following its previous statement, the Group has decided to fully impair its investment in FlowBank Holdings SA, effective immediately.
This has resulted in an impairment charge of £21,813,042.
As previously announced, the Group’s exposure to FlowBank SA as a customer is immaterial, with deposits totalling approximately £100,000.
Coinshares says that there is no impact on the Group’s operation, products or clients.
Jean-Marie Mognetti, CEO of CoinShares, commented:
“The…
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