Gate.io News bot message, the Federal Deposit Insurance Corporation (FDIC) of the United States issued 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 repeals the 2022 FIL-16-2022. The FDIC emphasizes in the document that banks need to effectively manage the relevant risks when participating in emerging technology businesses such as crypto assets.
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Gate.io News bot message, the Federal Deposit Insurance Corporation (FDIC) of the United States issued 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 repeals the 2022 FIL-16-2022. The FDIC emphasizes in the document that banks need to effectively manage the relevant risks when participating in emerging technology businesses such as crypto assets.