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Blockchain
FDIC, Following OCC, Loosens Guidance for Banks to Engage in Certain Crypto-Related Activities Without Receiving Prior FDIC Approval
by SKby SKOn March 28, 2025, the Federal Deposit Insurance Corporation (FDIC) announced the withdrawal of Financial Institution Letter (FIL) 16-2022, paving the way for FDIC-supervised institutions to engage in permissible digital …
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Key Takeaways: Banks gain a broader scope to offer crypto services under established oversight. Institutions must report crypto activity, preserving monitoring without pre-approval. The update reflects regulatory practice aligning traditional …