FDIC asked Signature buyers to stop all crypto business: Report

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Regulators reportedly want to prohibit new owners of failed U.S. banks from offering crypto services.

The United States Federal Deposit Insurance Corporation has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.

The FDIC regulators have asked banks interested in acquiring failed U.S. lenders like Silicon Valley Bank and Signature Bank to submit bids by March 17, ReutersThe authority will only accept bids from banks with an existing bank charter, prioritizing traditional lenders over private equity firms, the report notes, citing two sources familiar with the matter.

The FDIC has also required any buyer of Signature to agree to give up all cryptocurrency business at the bank.

 

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An FDIC spokesperson has denied this, telling Reuters after publication that the agency is not requiring divestment of crypto activities as part of any sale.

🤔

why are they so shit scared?

Deutsche bank valuation is 9x lower than before last banking crisis. Expect the final cental banking Mayhem buy Bitcoin. it is an existential advice.

elizeu_angelo

So Barney Frank was right. The government is actively attacking crypto. Solution : Buy more $BTC like your life depended on it. Because it does.

The war on crypto is so BLATANT!

你算个什么东西 禁止什么禁止什么 市场 是自由的 不是你家开的

How pathetic are these people? Still blaming Crypto for their fail.

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Signature Bank’s Prospective Buyers Must Agree to Give Up All Crypto Business: ReportThe Federal Deposit Insurance Corporation (FDIC) has reportedly asked banks interested in acquiring the shuttered New York institution to submit bids by Friday. cheyenneligon How exactly is that legal? cheyenneligon Wtf 😬 nawwwww cheyenneligon So was the collapse of SVB just a good opportunity for them to pull a fast one like this? Something they planned on doing?
Source: CoinDesk - 🏆 291. / 63 Read more »