Cryptopolitan
2023-08-17 19:42:48

Federal Reserve takes enforcement action against FTX-linked Farmington State Bank over stablecoin dealings

The Federal Reserve has announced an enforcement action against Farmington State Bank, alleging that it improperly changed its business plan without informing the Fed. The action centers around Farmington’s involvement in designing IT infrastructure to facilitate the issuance of stablecoins. Allegations of improper business plan changes: A look at the Fed Reserve claims According to ... Read more

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