{"id":5703,"date":"2022-07-29T19:17:30","date_gmt":"2022-07-29T19:17:30","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/29\/more-trouble-for-voyager-u-s-fdic-issues-warning-to-banks\/"},"modified":"2022-07-29T19:17:31","modified_gmt":"2022-07-29T19:17:31","slug":"more-trouble-for-voyager-u-s-fdic-issues-warning-to-banks","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/29\/more-trouble-for-voyager-u-s-fdic-issues-warning-to-banks\/","title":{"rendered":"More Trouble For Voyager, U.S. FDIC Issues Warning To Banks"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/u-s-fdic-warns-banks-against-voyagers\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>The U.S. Federal Deposit Insurance Corp (FDIC) has <a href=\"https:\/\/www.fdic.gov\/news\/financial-institution-letters\/2022\/fil22035b.pdf?source=govdelivery&amp;utm_medium=email&amp;utm_source=govdelivery\">issued an advisory to banks<\/a> and FDIC-Insured establishments relating to its insurance policies following claims by troubled crypto lender Voyager, that it&#8217;s FDIC-Insured and the following issuance of a cease-and-desist assertion by The FDIC and The federal reserve.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<h2>The FDIC insurance coverage doesn\u2019t cowl crypto entities<\/h2>\n<p>U.S. Federal Deposit Insurance Corp. has prolonged its warning to embody all bankers, saying that they should verify their crypto companions in opposition to claiming that their clients\u2019 funds are protected by the federal government simply due to their hyperlink with these banks.<\/p>\n<p>The company in its letter on Friday expressed that its deposit insurance coverage solely applies within the uncommon occasion of an insured-bank failure. <a href=\"https:\/\/coingape.com\/fdic-considers-clear-regulatory-terms-banks-want-handle-crypto-assets\/\">The FDIC which protects depositors of insured banks<\/a> in opposition to the lack of their deposits, expressed that this doesn\u2019t apply to our bodies that mimic banks however usually are not, referred to as \u201cneobanks.\u201d<\/p>\n<blockquote>\n<p><em>FDIC deposit insurance coverage covers deposit merchandise provided by insured banks, equivalent to checking accounts and financial savings accounts. Deposit insurance coverage doesn&#8217;t apply to non-deposit merchandise, equivalent to shares, bonds,\u00a0cash market mutual funds, securities, commodities, or crypto belongings, <\/em>The FDIC defined.<\/p>\n<\/blockquote>\n<h2>Voyager\u2019s squabble with The Feds and The U.S FDIC<\/h2>\n<p>Earlier on, these two U.S regulators ordered the <a href=\"https:\/\/coingape.com\/breaking-voyager-digital-enters-bankruptcy-after-three-arrows-meltdown\/\">troubled crypto lender Voyager<\/a> to desist from telling its clients that their funds are protected by the U.S authorities with The FDIC insurance coverage simply because it had accounts at Metropolitan Commercial Bank in New York. The Federal Reserve and The FDIC mentioned on Thursday,<\/p>\n<blockquote>\n<p><em>Voyager has made varied representations on-line, together with its web site, cell app, and social media accounts, stating or suggesting that: (1) Voyager itself is FDIC-insured; (2) clients who invested with the Voyager cryptocurrency platform would obtain FDIC insurance coverage protection for all funds offered to, held by, on, or with Voyager; and (3) the FDIC would insure clients in opposition to the failure of Voyager itself<\/em>.<\/p>\n<\/blockquote>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA118429\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>Abigal .V. is a cryptocurrency author with over 4-years of writing expertise. She focuses on information writing, and is expert in sourcing sizzling matters. She\u2019s a fan of cryptocurrencies and NFTs.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/07dcdadfd074a424d2075ab9fe113332?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/07dcdadfd074a424d2075ab9fe113332?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/07dcdadfd074a424d2075ab9fe113332?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/07dcdadfd074a424d2075ab9fe113332?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD118429\">\n<p> The offered content material might embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/u-s-fdic-warns-banks-against-voyagers\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The U.S. Federal Deposit Insurance Corp (FDIC) has issued an advisory to banks and FDIC-Insured establishments relating to its insurance policies following claims by troubled crypto lender Voyager, that it&#8217;s FDIC-Insured and the following issuance of a cease-and-desist assertion by The FDIC and The federal reserve. The FDIC insurance coverage doesn\u2019t cowl crypto entities [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[475,3342,173,1873,2877,174],"class_list":["post-5703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-banks","tag-fdic","tag-issues","tag-trouble","tag-voyager","tag-warning","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=5703"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5703\/revisions"}],"predecessor-version":[{"id":5704,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5703\/revisions\/5704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/5705"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=5703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=5703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=5703"}],"curies":[{"name":"w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