The DEA, Binance, and YOU! Ep678
Bitcoin And . . .
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The Federal Reserve Reminds Banks of Cryptocurrency Liquidity Risks
The Federal Reserve released a new statement on Thursday reminding banks of the risks inherent in dealing with cryptocurrency and related assets. The group also advised banks to be on the lookout for crypto companies that inaccurately or misleadingly represent their deposit insurance status. In July of 2022, the FDIC opened up an investigation into bankrupt crypto broker Voyager Digital's insurance claims.
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