Whistleblowers accuse FDIC of stifling crypto companies' access to banks

Whistleblowers accuse FDIC of stifling crypto companies' access to banks

Federal regulators could be going too far in encouraging banks not to work with crypto companies, according to the top Republican on the Senate Banking Committee. Sen. Pat Toomey of Pennsylvania sent a letter Tuesday to Acting Chairman of the Federal ...
37 minutes ago
from: MarketWatch

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Cryptocurrency, Federal Deposit Insurance Corporation
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- Banks are pushed to avoid giving services to crypto exchanges in the US
Toomey referred to Operation Choke Point, an initiative of a retired FDIC worker whose primary purpose was to pressure the local banks not to provide any kind of services to the payday lenders and financial fraud charges. However ...
from: Techstory