NYC Commission Limits Deposits at Banks Accused of Discrimination and Inaction.

The New York City Banking Commission has limited deposits for Capital One and KeyBank after they failed to submit plans demonstrating their efforts to root out discrimination. This is the latest blow to the US banking system, which has been under immense pressure this year. Five banks had failed to comply with New York City Banking Commission’s stringent regulations. Crypto proponents argue that Bitcoin is the solution to all of this banking bunkum, but it still relies on fiat on and off-ramps, which means involving banks.