🚨The Fed strikes hard against cryptocurrency-friendly banks!

🏦Hello everyone! Today we are focusing on the latest regulatory measures taken by the Federal Reserve against Customers Bank, a cryptocurrency-friendly bank.

🔍Just recently, an inspection by the Federal Reserve Bank of Philadelphia revealed some major deficiencies in the risk management and compliance practices of Customers Bank, especially in terms of anti-money laundering and bank secrecy laws. Now, the Federal Reserve and the FDIC have begun to implement strict supervision and compliance measures on the bank.

🗣️ Nic Carter posted on social media X: "Customers is one of the largest banks supporting cryptocurrencies. The Federal Reserve and the FDIC are systematically destroying all banks that support cryptocurrencies." This sounds really worrying about the future of cryptocurrencies!

🛡️The Fed's attitude is very clear. They believe that bank boards need to strengthen supervision and devote more resources to managing these high-risk activities. The focus of the review includes the bank's digital asset strategy and instant payment platform.

🤔 This statement caused an uproar in the cryptocurrency community, and many people jumped out to accuse the Federal Reserve and the FDIC of gradually stifling the cryptocurrency business.

📝At the same time, according to the agreement signed between the Federal Reserve and Customers Bank, Customers Bancorp and Customers Bank are required to submit a detailed improvement plan within 60 days to address compliance issues, strengthen board supervision, improve risk management, and ensure compliance with relevant regulations.

🛡️Some people believe that the Fed's actions have strengthened financial security and compliance on the one hand, helping to prevent illegal financial activities; but on the other hand, this regulatory attitude may hinder the innovation and popularity of cryptocurrencies.

🔍 So, what do you think of the Federal Reserve's strengthening of supervision of cryptocurrency-friendly banks? Will this become an obstacle to the development of cryptocurrency, or a protection for the industry?

👇【Join the discussion in the comment area】#美联储 #加密货币监管 #金融合规 #银行监管 　#加密货币"