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"Challenging the status quo: FDIC's Travis Hill defends the rights of crypto firms to fair banking services."
🚨 FDIC Interim Chair Criticizes Agency's Approach to Cryptocurrency Firms 🚨
According to Odaily, Travis Hill, the interim chair of the U.S. Federal Deposit Insurance Corporation (FDIC), has recently taken a strong stance against 'de-banking' practices targeting cryptocurrency companies. In a groundbreaking speech, Hill highlighted that several crypto-related businesses have lost banking services without clear reasons—a practice he firmly labeled as 'unacceptable.'
Hill emphasized the FDIC's mission to reduce the number of unbanked individuals and made it clear that denying lawful customers access to essential banking services contradicts this goal. He urged that FDIC staff must not pressure banks to terminate relationships with lawful crypto firms.
This bold statement marks a pivotal moment for the crypto industry, potentially paving the way for more inclusive financial services.
#CryptoNews #FDIC #BankingNews #CryptocurrencyPotential #Binance
🚨 FDIC Interim Chair Criticizes Agency's Approach to Cryptocurrency Firms 🚨
According to Odaily, Travis Hill, the interim chair of the U.S. Federal Deposit Insurance Corporation (FDIC), has recently taken a strong stance against 'de-banking' practices targeting cryptocurrency companies. In a groundbreaking speech, Hill highlighted that several crypto-related businesses have lost banking services without clear reasons—a practice he firmly labeled as 'unacceptable.'
Hill emphasized the FDIC's mission to reduce the number of unbanked individuals and made it clear that denying lawful customers access to essential banking services contradicts this goal. He urged that FDIC staff must not pressure banks to terminate relationships with lawful crypto firms.
This bold statement marks a pivotal moment for the crypto industry, potentially paving the way for more inclusive financial services.
#CryptoNews #FDIC #BankingNews #CryptocurrencyPotential #Binance
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The market is stabilizing, and HBAR is preparing for new growth! 📈 This cryptocurrency has already been at the top of the growing coins and is ready for takeoff again. 💎
Buying now is the most advantageous moment! 💰 The price is still attractive, but it could soon soar, and such conditions will no longer exist! 🌟 I have already made my purchases, and I advise you to do the same! 💼
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🚀Top Project From Recent Funding Round 💰 Klickl🚀
🎉 Klickl has just secured $25.00M in its latest funding round! 🎉
🔹About: Klickl Project is a Web3 open finance platform based in the UAE, providing a range of services including banking, digital payments, and crypto trading. Founded in 2017, Klickl aims to create a global stablecoin ecosystem that bridges digital and traditional finance. Recently, Klickl raised $25 million in a Series A funding round, bringing its valuation to $125 million. The project is supported by the UAE government and licensed by Abu Dhabi's ADGM, ensuring compliance with virtual asset financial regulations. Klickl's platform offers a one-stop solution for account management, custody wallets, payments, settlements, and trading services. With a focus on addressing the unbanked challenge, Klickl aims to facilitate seamless entry into Web3 for users worldwide. The project is led by a team of experienced entrepreneurs, investors, and financial experts. 🚀🌐
🔹 Lead Investors: Aptos, Web3Port, Summer Ventures, Heritage Horizon Capital and more.
🔹 Total Raised: $25.00M.
🔹 Project Category: Blockchain Service, Web3 Banking.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
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🔹About: Klickl Project is a Web3 open finance platform based in the UAE, providing a range of services including banking, digital payments, and crypto trading. Founded in 2017, Klickl aims to create a global stablecoin ecosystem that bridges digital and traditional finance. Recently, Klickl raised $25 million in a Series A funding round, bringing its valuation to $125 million. The project is supported by the UAE government and licensed by Abu Dhabi's ADGM, ensuring compliance with virtual asset financial regulations. Klickl's platform offers a one-stop solution for account management, custody wallets, payments, settlements, and trading services. With a focus on addressing the unbanked challenge, Klickl aims to facilitate seamless entry into Web3 for users worldwide. The project is led by a team of experienced entrepreneurs, investors, and financial experts. 🚀🌐
🔹 Lead Investors: Aptos, Web3Port, Summer Ventures, Heritage Horizon Capital and more.
🔹 Total Raised: $25.00M.
🔹 Project Category: Blockchain Service, Web3 Banking.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#BURNGMT #WeAreAllSatoshi #web3 #DEFİ #BankingNews $UNI
$STG
$AAVE