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 The document released this time repealed FIL-16-2022 from 2022.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.
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Summer99
· 03-30 02:22
It is indicated that the Federal Deposit Insurance Corporation has a certain understanding of the risks associated with encryption businesses.
FDIC updates Crypto Assets regulatory policy: Banks can conduct Compliance encryption business without pre-approval.
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 The document released this time repealed FIL-16-2022 from 2022.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