Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

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Source: Coindesk.com

The U.S. Federal Reserve targeted Customers Bank with an enforcement action saying it wasn't properly handling the risks from its crypto customers. The Pennsylvania lender agreed to fix the compliance shortcomings flagged by Fed examiners.

Customers Bank, which has done business with several of the most prominent crypto firms, has been

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The post "Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients" appeared first here Coindesk.com.

Source: Coindesk.com

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