Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client’s address.
FDIC Gives Deadline Next Week for Crypto Depositors Stranded by Signature Failure
The Federal Deposit Insurance Corp. (FDIC) is trying to hurry the stranded crypto customers out the door of the temporary entity that holds the assets of the former Signature Bank, asking them to cash out by next week – whether they have a new bank or not.
Signature Bank Gave Dozens More PPP Loans to Crypto Firms Than Previously Reported
Signature Bank gave $20 million in PPP loans to roughly 40 firms in the digital asset space. Only nine loans were revealed in public documents last month.
Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments
Signature Bank is launching a blockchain-based real-time payments system in early 2019 and has just got the green light in New York.