FDIC asked Signature buyers to stop all crypto business: Report By Cointelegraph

[ad_1]



The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services.

The FDIC regulators have asked banks interested in acquiring failed U.S. lenders like Silicon Valley Bank (SVB) and Signature Bank (NASDAQ:) to submit bids by March 17, Reuters reported.