FDIC says banks can engage in crypto activities without prior approval

03/29/2025 00:11
FDIC says banks can engage in crypto activities without prior approval

The Federal Deposit Insurance Corp said on Friday that institutions supervised by the agency do not need to get prior approval for permissible crypto-related activities. Such permissible activities include those involving new and emerging technologies such as crypto-assets and digital assets, "provided that they adequately manage the associated risks," the FDIC said in a statement.

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WASHINGTON (Reuters) - The Federal Deposit Insurance Corp said on Friday that institutions supervised by the agency do not need to get prior approval for permissible crypto-related activities.

Such permissible activities include those involving new and emerging technologies such as crypto-assets and digital assets, "provided that they adequately manage the associated risks," the FDIC said in a statement.

(Reporting by Doina Chiacu)

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