The Fed Board issued an enforcement action against 136-year-old Farmington State Bank, which has previously been associated with FTX founder Sam Bankman-Fried's Alameda Research.
The stablecoin issuer has recently been directing clients to Britannia Bank and Trust, its third Bahamas-based banking partner, to process dollar transfers.
The stablecoin issuer has recently been directing clients to Britannia Bank and Trust, its third Bahamas-based banking partner, to process dollar transfers.
The Fed Board issued an enforcement action against 136-year-old Farmington State Bank, which has previously been associated with FTX founder Sam Bankman-Fried's Alameda Research.
