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FDIC rescinds policy that hindered banks’ crypto participation

  • The FDIC has rescinded its previous guidance that hindered banks' engagement in crypto activities.
  • The US banking agency announced the change on March 28, 2025, eliminating the requirement for banks to report their crypto-related activities.
  • This new guidance allows FDIC-supervised banks to pursue permissible cryptocurrency activities without prior approval.
  • The move aims to foster innovation while ensuring the integrity and stability of the banking system.

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