FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

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The Federal Deposit Insurance Corporation has issued crypto-related cease and desist orders to 5 companies, including cryptocurrency exchange FTX US. FDIC bitcoin $BTC

CEO Sam Bankman-Fried explained that FTX does not have FDIC insurance, stating: “We never meant otherwise, and apologize if anyone misinterpreted it … to be clear FTX US isn’t FDIC insured.”The Federal Deposit Insurance Corporation issued crypto-related cease and desist orders to five companies Friday. The agency regulates and insures the deposits of FDIC-insured community banks and other financial institutions.

Each of these companies made false representations — including on their websites and social media accounts — stating or suggesting that certain crypto–related products are FDIC–insured or that stocks held in brokerage accounts are FDIC–insured.

 

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USA Federal USA Tron Legit : AKA FTX is not a normal company. No one to work, 1 fine to center, one final central idea spread by 'LOVE(?)'. This is not a FDIC matter; unless they bOnKeRs crazy. BTC NEWS Bitcoin

Why so? They had a law about it?

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This is the largest whale.

Thank you for this wonderful thing?

BrazilianKalifa SDV

Uniswap need to fix this asap

If they stopp this I can no longer payy my rentss?

Ah Im so happy because I finallyyyy found the thing Im lookingg for?

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