menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

FDIC Clear...
source image

Coindoo

3d

read

288

img
dot

Image Credit: Coindoo

FDIC Clears the Way for Banks to Enter Crypto Without Approval

  • The FDIC has withdrawn previous restrictions and now allows banks to engage with digital assets as long as proper safeguards are implemented.
  • The policy reversal aligns with the US government's aim to position the country as a leader in the cryptocurrency space.
  • Under the previous framework, banks had to notify regulators before participating in crypto-related activities, but this requirement has been eliminated.
  • Banks are now able to integrate cryptocurrency services while maintaining compliance with financial laws and risk management practices.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app