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The Daily Hodl 2023-01-24 19:45:45

Crypto Banks Borrow $13,600,000,000 From Federal Home Loan Banks To Meet Customer Withdrawals: Report

Two crypto-friendly US banks have borrowed at least $13.6 billion from Federal Home Loan (FHL) Banks to deal with a tidal wave of customer withdrawals amid the digital asset bear market, according to a new report from the Wall Street Journal (WSJ). The FHL Bank System was created by the Federal Home Loan Bank Act The post Crypto Banks Borrow $13,600,000,000 From Federal Home Loan Banks To Meet Customer Withdrawals: Report appeared first on The Daily Hodl .

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