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Federal Reserve shuts down Farmington Bank over unapproved stablecoin project

The Federal Reserve took action against Farmington State Bank on Aug. 17, asserting the bank took on a stablecoin strategy without notifying supervisors or gaining approval. The U.S. government agency said that it approved Farmington’s application to become a bank holding company in 2020, at which time it imposed certain conditions on the bank and […] The post Federal Reserve shuts down Farmington Bank over unapproved stablecoin project appeared first on CryptoSlate. дальше »

2023-8-18 02:00


Crypto-Friendly Bank Revolut Shuts Down Services In The US

Global neobank and financial services company, Revolut shocks the US crypto community with news of its decision to discontinue and prohibit cryptocurrency services for its US customers.  Revolut’s US crypto termination decision is a significant setback for US users who use the banking platform to access and manage their cryptocurrency assets. The news could possibly […] дальше »

2023-8-5 01:00