There's No Such Thing As FDIC Insurance For Your Crypto | Crypto

There’s No Such Thing As FDIC Insurance For Your Crypto

1. The Federal Deposit Insurance Corporation (FDIC) does not insure cryptocurrency deposits.

2. In July 2020, the FDIC issued a cease-and-desist letter to Voyager Digital after the company made allegedly false statements about its FDIC deposit insurance status.

3. In August 2020, the FDIC issued a similar cease-and-desist letter to FTX after the company made allegedly false statements about the FDIC deposit insurance status of its customers’ accounts.

4. State-level regulators are investigating Celsius Network for its accounts and representations to customers about the safety of their deposits.

5. Cryptocurrency firms have been aggressive in marketing high yield deposit products to customers, often with false promises about the safety of their deposits.

Crypto Insider Trading Charges 22202807778978 There's No Such Thing As FDIC Insurance For Your Crypto

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