OKCoin Accused by FDIC of Making False Claims About Customer Protections

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OKCoin must scrub misleading statements that suggest its customers’ accounts are protected by the U.S. Federal Deposit Insurance Corp. (FDIC), the U.S. banking regulator ordered late Thursday, complaining the company is making false claims.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#Policy, #News, #Regulations, #OKX, #OKCoin, #FDIC, #FederalDepositInsuranceCorporation, #Legal

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