FDIC tops approximately 800 pages
On Wednesday, the US Federal Deposit Insurance Corporation (FDIC) released 175 documents showing in detail the supervision of the banks participating in or seeking encryption activities.
“I was decisive in the past of the FDIC approach to encryption assets and Blockchain services,” said Travis Hill.
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Nearly 800 pages have been announced, which determine the transferred details and detailed communications between the regulator and banks because of their interest in encryption work.
In many cases, FDIC officials ask the details about how to deal with the encrypted currency while maintaining appropriate guarantees, or pressing more risks in coding products for consumers under study.
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FDIC has previously issued similar documents as part of a continuous legal conflict with Crypto Exchang Coinbase, which filed a lawsuit against documents amid complaints, which was a regulator that discourages banks from engaging with encryption companies.
The so -called “pause letters” that were previously presented by FDIC to the public showed the organizer who informs the microscopic banks of stopping the coding of encryption, but he did not show the agency that orders banks to refuse to do business with encryption companies.
Participated in the reports of Mana Cenie in Bangaluru; Edited by Leroy Leo, Edited by Franklin Paul
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2025-02-06 01:38:00
