The FDIC Asks Signature Bank Buyers to STOP All Crypto Business with Banks

It is reported that The United States Federal Deposit Insurance Corporation (FDIC) has asked people to buy Signature Bank, a failed US bank. Must not support any crypto service

The FDIC has asked banks interested in acquisitions, such as Silicon Valley Bank (SVB) and Signature Bank, to submit bids by March 17. Reuters report

Additionally, the FDIC requires Signature purchasers to agree to cease doing business. cryptocurrency all at the bank

Signature, based in New York It is the main Crypto-friendly bank in the United States. The bank is known for its many partnerships in the crypto industry, including Coinbase, Paxos Trust, BitGo, and Celsius.

refer : LINK

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