Crypto’s Banking Access Shrinks: United Texas Bank Latest Casualty

Quick Summary:

Federal Reserve has ordered United Texas Bank to halt operations, citing concerns about its risk management and crypto dealings.

This move has sparked a debate about the government’s approach to regulating the crypto industry, with Ripple CTO David Schwartz criticizing what he calls “indirect regulation.” The Fed’s order highlights specific deficiencies in the […]

The post Crypto’s Banking Access Shrinks: United Texas Bank Latest Casualty appeared first on Coin Edition.

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Article Details

Author / Journalist: Nynu V Jamal

Category: Crypto

Markets: India

Topics: Market XRP News Ripple Market News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 07:34:52 (16 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 142 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22389480

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 10 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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