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>> The worse parts are that they were once fined. But it's a tiny amount and most banks get fined regularly by all sorts of regulators.

They were forbidden from doing business in New York. That doesn't happen to most banks.

https://ag.ny.gov/press-release/2021/attorney-general-james-...



They were forbidden from doing business in NY because they flat out lied about pretty much everything they were doing or were. including that they had cash reserves, when for years (and maybe still), they didn’t even have bank accounts.


New York just has a huge hard-on for dumb regs around crypto.

If there is actual evidence for why they should be banned, NY should share it. If not, step off the hose.




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