The Swiss financial industry is known for its strict regulations, and recently, one bank has fallen victim to the scrutiny of the Swiss regulator. FlowBank, a Switzerland-based financial institution known for its friendly stance towards cryptocurrency, has been forced into bankruptcy by the Swiss regulator. This decision has sent shockwaves through the crypto community, as FlowBank had established ties with prominent players in the industry, including the issuer of TrueUSD stablecoin, Techteryx, crypto asset manager CoinShares, and leading cryptocurrency exchange Binance.