The Fed Charges Customers Bank Over Compliance Issues Tied to Service for Crypto Clients

On August 8, the Federal Reserve Board executed an enforcement action against Customers Bank, a Pennsylvania-based financial institution known for its extensive involvement in the crypto sector. This action has sparked concerns among crypto community members. They see it as an example of the growing regulatory scrutiny facing banks operating in the digital asset space. Customers... source: https://beincrypto.com/federal-reserve-regulatory-enforcement-customers-bank-crypto/