FDIC Urging Against Bank Runs: Is There a Crypto Connection?
Cointelegraph
Published Apr 12, 2020 04:00AM ET
Updated Apr 12, 2020 05:40AM ET
The Federal Deposit Insurance Corporation, or FDIC, recently posted a video urging the public not to rush to banks for cash withdrawals. Does this relate to crypto?
“Your money is safe at the banks,” FDIC Chairman Jelena McWilliams said in a video posted on Twitter by the government agency. “The last thing you should be doing is pulling your money out of the banks now, thinking that it’s going to be safer someplace else.”
h3 The FDIC came into play after the Great Depression/h3 h3 The FDIC’s role is for insurance/h3 h3 A crypto connection may not exist, according to a separate source/h3Continue Reading on Coin Telegraph
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Written By: Cointelegraph
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