FDIC Seeks Signet Sale, Wants Signature Bank’s Crypto Clients Out by April 5
- NYCB deal didn’t include Signature’s crypto business
- Crypto companies face difficulties accessing bank services
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The Federal Deposit Insurance Corp. is seeking to sell Signet, the real-time payments network for crypto companies operated by the now failed Signature Bank.
A spokesperson for the regulator confirmed the plan after the FDIC asked crypto depositors at Signature to close their accounts and move their money by April 5.