The Federal Reserve issued a cease and desist order to United Texas Bank (UTB) on Aug. 29, directing it to stop offering crypto services. The order follows an examination concluded by the Federal Reserve Bank of Dallas and the Texas Department of Banking in May 2023, which identified alleged deficiencies in the bank’s corporate governance, […]
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Go here to Read this Fast! Fed orders United Texas Bank to halt crypto services over AML concerns
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Fed orders United Texas Bank to halt crypto services over AML concerns