📣 FDIC to issue guidance on cryptocurrencies
posted 19 Oct 2023
An internal watchdog within the FDIC has concluded that the regulatory body has not sufficiently equipped market participants with the necessary information regarding their engagement with cryptocurrencies.
Due to the legal uncertainties and the prevalence of unilateral investigations without clear timelines, banks are now consistently steering clear of dealings with cryptocurrency companies and services.
Therefore, the examiner recommended that the FDIC develop guidance on cryptocurrencies and received a favorable response.
Due to the legal uncertainties and the prevalence of unilateral investigations without clear timelines, banks are now consistently steering clear of dealings with cryptocurrency companies and services.
Therefore, the examiner recommended that the FDIC develop guidance on cryptocurrencies and received a favorable response.
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