Mike Novogratz On Problems with Crypto Bank Launch

May 24, 2018

Cryptocurrency bank Galaxy Digital LP, founded by Mike Novogratz, has faced a problem that put off its launch to late July.

Canada’s regulator has made the bank disclose all auditing data for this year which, as the bank’s spokesmen stated, makes it impossible to complete all deals for the crypto bank to start working. Resolving all the problems will take about two months.

In January 2018 Novogratz told that he was going to launch a crypto bank. Early February he managed raise investments to the tune of $250 million which proved to be $50 million more than had been planned.


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