The New York City Banking Commission has limited deposits for Capital One and KeyBank due to their failure to submit plans to root out discrimination. This move is part of a crackdown on five banks that have failed to comply with the Commission's regulations. The U.S. banking system has been under immense pressure this year, with several banks collapsing and others potentially on the brink. While some argue that Bitcoin could be the solution to these issues, it still relies on involving banks for fiat on and off-ramps, which most retail and central banks are against.
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