![Crypto Friendly Evolve Bank Under Scrutiny: Cease and Desist Order Issued](https://static.news.bitcoin.com/wp-content/uploads/2024/06/bankkkskksks111-768x432.jpg)
The Federal Reserve and Arkansas State Bank Department have mandated sweeping reforms at Evolve Bank & Trust following significant compliance breaches. The order highlights issues in anti-money laundering efforts and consumer protection, especially in its dealings with fintech companies and prominent crypto players like FTX. Compliance Concerns Trigger Regulatory Action Against Evolve Bank Evolve Bank […]