Crypto Daily™26 minutes ago

Published on March 31, 2025 07:44 GMT+00:00edited on March 31, 2025 07:54 GMT+00:00

The Federal Deposit Insurance Corporation (FDIC) has reversed its previous policy, requiring banks to seek permission before engaging in crypto activities. Banks may now offer crypto and other legally permitted services without obtaining prior regulatory approval. 

The crypto regulatory environment in the US received a welcomed policy reversal from the FDIC on Friday. Banks can now offer crypto services without prior regulatory approval if they manage the associated risks.

Righting Previously “Flawed” Regulatory Approaches

The Federal Deposit Insurance Corporation (FDIC) issued a Financial Institution Letter (FIL-7-250) on Friday offering new guidance for FDIC-supervised institutions engaged or looking to engage in crypto-related activities. FIL-7-2025 reverses the agency’s 2022 …