Fed Hits United Texas Bank with Cease-and-Desist Order for Serving 'Virtual Currency Customers'

The Fed issued a cease-and-desist order to United Texas Bank last Wednesday for "significant deficiencies" in adhering to anti-money laundering laws, especially in dealings with cryptocurrency customers.

https://www.nobsbitcoin.com/fed-hits-united-texas-bank-with-cease-and-desist-order-for-serving-virtual-currency-customers/