New York financial regulator goes for the jugular: blanket bans all state-regulated banks from "virtual currency-related activities," pending pre-approval, 90 days in advance, with liquidity impact analysis, for each bank and its proposed activity

submitted by SoCo from (reuters.com)

all 1 comments
sorted by:
top
newinsightfulfun

[–]SoCo[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

This seems to be a consistent or even coordinated attack at cryptocurrencies, that seems aligned with the federal bill proposal, which looks to do nearly the same; squeeze banks from working with crypto currency related funds:

https://saidit.net/s/politics/comments/a4sf/introduced_dystopian_bill_empowers_secretary_of/