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Fed Issues Cease and Desist Order to United Texas Bank Over Crypto-Related Concerns

The U.S. Federal Reserve’s order cited deficiencies in the bank's risk management systems in its dealings with crypto clients.

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Fed Issues Cease and Desist Order to United Texas Bank Over Crypto-Related Concerns
The U.S. Federal Reserve’s order cited deficiencies in the bank's risk management systems in its dealings with crypto clients.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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