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A comment on U.S. FDIC tells Signature crypto clients to close accounts by April 5. Parent comment

Re:U.S. FDIC tells Signature crypto clients to close account... by SpaghettiCthulu on Wednesday March 29, 2023 @11:02AM (#35358285)
Maybe I'm misunderstanding, but I think the point is that there would be fees to ensure that they always have an extra $0.08 on hand for every $1 you put in.

Not sure what that would look like. Maybe a fee on every deposit?

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Re:U.S. FDIC tells Signature crypto clients to close account... by dragontamer on Friday March 31, 2023 @09:50AM (#35387140)
Maybe the details of how it worked were absurd and unworkable and the FDIC shit it down.

Occam's razor.

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