US Banks No Longer Need to Notify FDIC Before Crypto Activity: Rule Change

The Federal Deposit Insurance Corporation (FDIC) clarified its stance on crypto-related banking activities Friday, drawing praise from industry leaders like Cardano founder Charles Hoskinson. The US banking regulator announced it rescinded FIL-16-2022. This 2022 policy had required FDIC-supervised institutions to first notify the agency before engaging in digital asset services. The FDIC’s new guidance effectively […] The post US Banks No Longer Need to Notify FDIC Before Crypto Activity: Rule Change appeared first on Coin Edition.