Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not.
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Deposits at non-bank entities, including crypto firms, are not insured — FDIC
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies.
Fed demands Voyager remove 'false' claims deposits are FDIC insured
The Fed and FDIC allege that Voyager “made various representations online" that its funds were FDIC insured.
Crypto Assets on Winklevoss Gemini Exchange Are Now Insured
Crypto exchange Gemini announced Wednesday it had gained insurance for all of its custodied digital assets.
IBM Is Helping Launch a Price-Stable Cryptocurrency Insured By the FDIC
The latest attempt to create a crypto pegged to the U.S. dollar, or stablecoin, combines 21st-century technology with an invention from the 1930s.