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In a recent update on the USDC thread, Jeremy Allaire, the Co-founder, and CEO of Circle, announced that they will be bringing on a new transaction banking partner with automated minting and redemption as soon as possible. This announcement comes after the closure of Signature Bank, which means that Circle will not be able to […]
Following the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank, cryptocurrency companies have been seeking new banking partners in the United States. According to a recent report citing “sources familiar with the matter,” Binance US, the American subsidiary of the cryptocurrency exchange, is having difficulty finding a U.S. banking partner. Unnamed Sources Say [...]
The post Report: Binance US Struggles to Secure Banking Partner Amid Regulatory Crackdown on Crypto Industry appeared first on Crypto Breaking News.
The FDIC has asked Cross River Bank to correct and address issues in its lending activities. A consent order executed in March alleged that the bank had engaged in "unsafe" banking practices regarding compliance with fair lending laws and regulations in 2021. (Read More)
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