FDIC says banks can engage in crypto activities without prior approval

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FDIC says banks can engage in crypto activities without prior approval

, Reuters - 12:54 PM ET 3/28/2025 default

WASHINGTON, March 28 (Reuters) - The Federal Deposit Insurance Corp said on Friday that institutions supervised by the agency do not need to get prior approval for permissible crypto-related activities.

Such permissible activities include those involving new and emerging technologies such as crypto-assets and digital assets, "provided that they adequately manage the associated risks," the FDIC said in a statement. (Reporting by Doina Chiacu;)

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