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Coinbase Exposes FDIC’s Guidance Against Crypto Banking Beincrypto 02 Nov 2024

Coinbase Exposes FDIC’s Guidance Against Crypto Banking

Coinbase reveals that the FDIC has advised banks over 20 times since 2022 to refrain from engaging in crypto-related services, citing potential risks. Coinbase's FOIA request exposed these letters, highlighting ongoing regulatory bias against the crypto industry. Criticism has arisen over this lack of transparency and hindrance to crypto accessibility.

FDIC Paul Grewal Niklas Kunkel USA Coinbase

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