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Banks Can Engage In Cryptocurrency

Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday.

An FDIC-supervised institution (including more than 5,000 US banks and savings associations) can engage in activities involving new and emerging technologies (such as crypto-assets) without receiving prior FDIC approval, provided that the institution adequately manages the associated risks.

The Federal Deposit Insurance Corporation (FDIC) issued new guidance this week that cleared the way for supervised banks in the United States to engage in crypto-related activities without seeking prior approval, signaling a shift in its regulatory stance.

Banks Gain A Broader Scope

FDICClarifies Process forBankstoEngageinCrypto-Related

Removal of Prior Notification Requirement: FIL- rescinds the need for FDIC-supervised institutions to notify the FDIC before engaging in permissible crypto-related activities. This change streamlines the process for banks interested in digital assets.

Banks gain a broader scope to offer crypto services under established oversight. Institutions must report crypto activity, preserving monitoring without pre-approval. The update reflects

The Federal Deposit Insurance Corporation

In a pivotal move for the banking industry, the Federal Deposit Insurance Corporation (FDIC) announced on Ma, that banks it oversees can now engage in legally permitted cryptocurrency activities without seeking prior regulatory approval.

The Federal Deposit Insurance Corporation (FDIC) provided new guidance Friday (March 28) saying that FDIC-supervised institutions can engage in crypto-related activities without

The Federal Deposit Insurance Corporation (FDIC) issued new guidance on March 28 clarifying that FDIC-supervised banks may engage in crypto-related activities without first obtaining the agency’s approval, provided they manage the associated risks by safety and soundness standards.

FDICGreenlightsCryptoActivities forBanks Without Prior Approval

FDICClears Path forBankstoEngageinCrypto Without Prior Approval

FDICRemoves Roadblocks toCryptoActivities in theBanking

The FIL- :FDICBreaks Down Barriers forCrypto Banking

FDICsaysbanks can engageincryptoactivitieswithout prior approval

FDICSays Updated Guidance FreesBanksto TradeCrypto

The New Guidance

The U.S. Federal Deposit Insurance Corp. on Friday unveiled new guidance to allow its supervised banks to explore crypto-related activities, scrapping a 2025 pre-approval mandate that

The new guidance, which rescinds FIL- , clarifies that FDIC-supervised institutions may engage in permissible crypto-related activities without receiving prior FDIC approval.

FDICDropsPre-ApprovalforBanksOfferingCryptoServices

FDICfreesbankstoengagein certaincryptoactivitieswithout prior

FDICClears Path forBank CryptoActivitiesWithout Prior Approval