Oct 17, 2023 | Economy News
Binance US Alters FDIC Coverage for Crypto Deposits In a recent update to Binance.US’s terms of service for the exchange, a noteworthy change was made regarding the coverage of digital assets by the Federal Deposit Insurance Corporation (FDIC). This alteration...
Oct 17, 2023 | Economy News
Binance.US Axes FDIC Insurance and Dollar Withdrawals Following Regulatory Consultation Binance.US, the popular cryptocurrency exchange, has made significant changes to its services after consulting with the Federal Deposit Insurance Corporation (FDIC). The exchange...
Oct 17, 2023 | Economy News
Binance.US Removes FDIC Insurance Language from Terms of Service Binance.US, the popular cryptocurrency exchange, recently made changes to its terms of service, specifically regarding the eligibility of accounts for FDIC insurance. In an email sent to customers and...
Oct 17, 2023 | Economy News
Binance US drops FDIC insurance amid regulatory pressure Binance US, the American arm of the popular cryptocurrency exchange Binance, has announced that it will no longer offer FDIC (Federal Deposit Insurance Corporation) coverage for its customers. This decision...
Oct 17, 2023 | Economy News
Regulatory Approvals granted for LINKBANCORP and Partners Bancorp Merger LINKBANCORP, the parent company of LINKBANK, and Partners Bancorp, a financial services company, have announced that they have received all the required regulatory approvals for their merger....
Oct 17, 2023 | Economy News
Binance US Says Crypto Deposits Are No Longer FDIC Insured Binance US, one of the leading cryptocurrency exchanges in the United States, recently updated its terms of service, stating that users must convert their dollars to stablecoins or cryptocurrencies before...
