The Federal Deposit Insurance Corporation (FDIC) in the USA made a statement against the unfair statements of some crypto money companies.
According to a statement by the Federal Deposit Insurance Corporation, federal laws are: Does not apply to bankrupt crypto companies.
In the statement made by the FDIC, the following statements were included:
“Some companies are reporting that their crypto products are also covered by the FDIC’s regulatory insurance. gave the wrong impression to consumers. Statements like these are untrue and could harm investors by giving them the wrong impression of what regulatory insurance is.”
Voyager Digital, one of the crypto money companies, has been given to its customers by the FDIC. insured and made a statement that every Voyager Digital customer will also benefit from this insurance.
Speaking after this statement, FDIC officials said, “Explanations like these are not only true but also mislead (consumers).” said.
The Federal Statutory Insurance Agency accepts citizens who have deposited money in any bank. in case the bank goes bankrupt protecting. However, this insurance in the absence of a bank it’s working.