The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
Comment
Recommend Reading
2022-07-30Chips Bill provides for blockchain specialist position in White House science office
Pat Toomey blames the SEC for crypto ending platform crisis
Marriages and court cases can be held in the metaverse
Fed demands Voyager remove 'false' claims deposits are FDIC insured
Final candidates for next UK prime minister have made pro-crypto statements
Democratic senators chide Fidelity Investments for BTC-exposed retirement funds
