SFOX Join Hands With M.Y. Safra Bank to Offer New FDIC Protection

SFOX (a cryptocurrency prime dealer institution) has partnered with a M.Y. Safra Bank of New York which will give SFOX traders to access insurance through the United States government’s Federal Deposit Insurance Corporation (FDIC) worth up to $250,000. Its CEO Akbar Thobhani posted: “This partnership with M.Y. Safra Bank represents another step forward in our mission to provide our clients with the best place to trade cryptoassets,”

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SFOX Join Hands With M.Y. Safra Bank to Offer New FDIC Protection

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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