#Banks

Highlights: The HKMA warns crypto firms misrepresenting as banks may be in violation of Hong Kong’s Banking Ordinance. The HKMA raised alarm after two overseas firms falsely represented themselves as banks. The use of the word ‘bank’ in the names […]

Highlights: Coinbase found over 20 instances where the FDIC advised banks to pause crypto activities.  Grewal criticized FDIC’s letters as attempts to restrict financial access for U.S. companies.  In June, Coinbase filed lawsuits against the SEC for ignoring earlier public […]