
Anticipated Cryptocurrency Move Finally Comes From FDIC
The U.S. Federal Deposit Insurance Corporation (FDIC) has issued new guidance that allows FDIC-supervised banks to engage in permitted cryptocurrency-related activities without requiring prior approval, provided they adequately manage the risks involved. The announcement, detailed in the Financial Institution Letter (FIL-7-2025), also rescinds the guidance from 2022 (FIL-16-2022), signaling a change in the agency’s stance…