Metropolitan Commercial Bank Fined $30 Million for BSA Violations
Metropolitan Commercial Bank fined $30 million by authorities for its involvement in the misuse of the digital prepaid visa card program.
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Metropolitan Commercial Bank fined $30 million by authorities for its involvement in the misuse of the digital prepaid visa card program.
he bank stated that its exit from the crypto sector is nearly finished, while its total core deposits, excluding crypto clients, stood at $4.9 billion.
Things are not going well for Anchorage Digital. The crypto bank just announced a 20% cut in its staff, citing regulatory uncertainty.
Blaming "recent industry and regulatory developments," crypto-friendly bank Silvergate announced today that it is winding down operations.
US-based crypto exchange Kraken is still launching a new Wyoming-based crypto bank despite the U.S. SEC recent banning of the exchange’s staking service.
Both companies were sizable borrowers from the lender, though Marathon late last year moved to pay down a portion of its debt.
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