FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]

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Israeli Supreme Court Stops Bank From Closing Crypto Exchange’s Account

Israeli Supreme Court Prevents Bank From Closing Account of Crypto ExchangeIn February 2018, the Supreme Court of Israel issued a temporary injunction order forbidding a major bank in the country from halting the activity of a local cryptocurrency exchange. Now the bank has been forced to accept that the company’s account will remain open indefinitely. Also Read: Community Funding and Bringing Smart Contracts to BCH […]

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Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin ExchangeThe Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. Also […]

The post Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange appeared first on Bitcoin News.

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