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FDIC updates Crypto Assets regulatory policy: Banks can conduct Compliance encryption business without pre-approval.

2025-03-28 17:00:44

BOT-7.85%

FIL-6.65%

gate News bot message, the Federal Deposit Insurance Corporation (FDIC) of the United States released Financial Institution Letter FIL-7-2025, announcing that banks under its supervision do not need to obtain prior approval when engaging in compliance encryption-related activities. The document released this time repealed FIL-16-2022 from 2022. The FDIC emphasized in the document that banks need to effectively manage relevant risks when participating in emerging technology businesses such as crypto assets.

Source: Wu Says

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Comment

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Summer99

· 2025-03-30 02:22

It is indicated that the Federal Deposit Insurance Corporation has a certain understanding of the risks associated with encryption businesses.

View OriginalReply0

BlackIsNotBlack

· 2025-03-28 18:53

Quick, enter a position! 🚗

View OriginalReply0