Crypto banks borrow billions from home-loan banks to plug shortfallsPersonal FinanceCrypto banks borrow billions from home-loan banks to plug shortfalls

Crypto banks borrow billions from home-loan banks to plug shortfalls

January 22, 2023
Personal Finance


Two of the biggest banks to cryptocurrency companies are rushing to stem a flood of customer withdrawals by borrowing billions of dollars from Federal Home Loan Banks, the system originally designed to support mortgage lending in the 1930s.


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http://ganesh@finplay.in

Finance enthusiast, Mutual fund expert.

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