FDIC Opens Doors for Banks to Engage in Crypto Activities
The Federal Deposit Insurance Corporation (FDIC) has released new guidance (FIL-7-2025) that permits banks under its supervision to conduct crypto-related business without advance approval.
The change is a policy shift as it revokes the earlier guidance (FIL-16-2022) that mandated banks to obtain FDIC approval prior to dealing in cryptocurrencies.
The FDIC explained that financial institutions can engage in crypto-related operations provided they manage risks appropriately. This covers digital assets and new blockchain technologies.
Acting FDIC Chairman Travis Hill said that the change moves away from the restrictive stance of the past three years and indicates a more open approach toward crypto innovation in banking. He…
