Crypto News: Embattled Crypto Brokerage Voyager Accused of False Insurance Claims by US Fed and FDIC

[Google News Bot]

The US Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) are accusing crypto brokerage firm Voyager Digital of falsely representing its deposit insurance status. In a joint letter, the two regulators claim Voyager violated section 18(a)(4) of the Federal Deposit Insurance Act. “Section 18(a)(4) of the Federal Deposit Insurance Act (‘FDI Act’), 12 U.S.C. § 1828(a)(4), prohibits any person from representing or implying that an uninsured deposit is insured or fro ...

Continue reading the above news article, by clicking here.

Administration and Moderation NOTE: A Reminder, the above news is provided for free, through a RSS Feed. The above quote does NOT include the full story. In order to continue to read more past what is quoted, please click through to the article, by clicking on the link provided above through the "continue reading" text.

Please be sensible and follow our terms of service and rules, when replying and debating the news article.