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FTX stake in US bank raises concerns about banking loopholes

Coin Telegraph LogoCoin Telegraph1d ago

FTX stake in US bank raises concerns about banking loopholes - Coin Telegraph

Quick Summary:

The chairman of the rural bank Jean Chalopin also happens to be the chairman of Deltec Bank, which has Tether and Alameda both on its client list.

Farmington State Bank in Washington State, now renamed Moonstone, is the 26th smallest bank in the U.S.with a single branch and three employees.

After buying the bank in 2020, FBH applied for Federal Reserve approval nearly 100 years after the bank was founded to facilitate cryptocurrency-related transactions.


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Article Details

Author / Journalist: Cointelegraph By Prashant Jha

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 12:15:00 (1 days ago)

News Timezone: GMT -5:00

Ranking: #263 (out of 2093 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 1930509

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 26 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "FTX stake in US bank raises concerns about banking loopholes" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.

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The outlet is headquartered in United States and publishes an average of 26 news stories per day.

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