banks not to provide services to companies engaging in legal activities like gun sellers.
"According to whistleblower communications that we have corroborated, personnel in the FDIC’s Washington, D.C. headquarters are urging FDIC regional offices to send letters to multiple banks requesting that they refrain from expanding relationships with crypto-related companies, without providing any legal basis for sending such letters," Toomey wrote."...
In a statement, the FDIC said,"The FDIC is acting consistent with longstanding legal authorities to ensure that banks engaging in crypto-related activities are doing so in a safe and sound way that protects consumers. This may involve the FDIC requesting that an institution delay initiating or refrain from expanding crypto-related activities until supervisory feedback is taken into account.
The regulator has published statements before directing banks to be cautious about working with crypto companies., the FDIC published an open letter addressed to any banks or other institutions it oversees, directing them to contact the FDIC before it engages in"a crypto-related activity." The regulator said it would assess the information provided by the bank to check for"safety and soundness," and provide feedback if needed.
"The information requested by the FDIC will vary on a case-specific basis depending on the type of crypto-related activity. However, the initial notification to the FDIC Regional Director should describe the activity in detail and provide the institution’s proposed timeline for engaging in the activity,"
FDICgov SenToomey Get Set Play will help good gamers, streamers, and viewers to understand their potential entry point into this new arena, particularly as it enables access, and offers multiple well-integrated modules such as GSP Arena, GSP Streams, and the GSP Metaverse for live stream
FDICgov SenToomey Galactic_GU airdrop poligon
FDICgov SenToomey 100%. they don't want people using crypto. it threatens the dollar, and they don't understand how it works.
FDICgov SenToomey No, they are looking to clarify the rules though.
FDICgov SenToomey And that bank might be….? jpmorgan ?
FDICgov SenToomey us banks r behind, n must catch up w other countries banks
FDICgov SenToomey Wow, hard 🙃
FDICgov SenToomey I would not be surprised if banks in the UK were stopping crypto payments to exchanges. Would affect their financial clout if ppl move their funds but here's the thing, blockchain tech and tokens are here to stay fiat is going to the wall permanently globally
FDICgov SenToomey JohnEDeaton1 attorneyjeremy1 Belisarius2020 freddyriz
nikhileshde Interesting to _Crypto_Pirates
nikhileshde Those old geriatrics SenWarren are just slowing down the speed of progress and limiting true opportunities for youths
🚀 Thankss a millon