FDIC: Banks Can Now Engage With Crypto Without Prior Approval
In what is a landmark development for the asset class, the Federal Deposit Insurance Corp. (FDIC) announced that banks can now engage in crypto activities without prior approval. Indeed, a statement released Friday announced an official rescindment of FIL-16-2022, offering new guidance to institutions. The decision shifts the standard for FDIC-supervised banks regarding their digital asset exposure. Within the statement, the US government agency will allow participation in the cryptocurrency sector “provided that they adequately manage associated risks.” JUST IN: FDIC says banks can engage in crypto activities without prior approval. — Watcher.Guru (@WatcherGuru) March 28, 2025 Also Read: Cryptocurrency: 3 Coins Capable Of Making The US A Crypto Powerhouse FDIC Releases New Guidance That Changes How Banks Engage With the Crypto Market Although we are just three months into the year, 2025 has proven to be monumental for the cryptocurrency sector. Specifically, the United Sta...