The Federal Reserve Bank of Atlanta has raised warning over risks associated with blockchain and cryptos. Per statement released Monday, the Atlanta Fed advised banks and financial service providers to exercise caution while dealing with cryptos. “Banking organizations and their service providers should have systems to identify, monitor, and control risks,” the statement read. The…
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In a startling investigation report, Atlanta News First uncovered the concerning practices of the U.S. Drug Enforcement Administration (DEA) task force officers. At Hartsfield-Jackson Atlanta International Airport, DEA officers, in plain clothes, have been found searching passengers’ carry-ons without warrants and seizing large sums of cash without making arrests. The report and attorneys say the…
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On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United…
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