FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities | FDIC.gov

Highlights:
The FDIC is rescinding FIL-16-2022 and providing new guidance for FDIC-supervised institutions engaging or seeking to engage in crypto-related activities.1

This FIL affirms that FDIC-supervised institutions may engage in permissible activities, including activities involving new and emerging technologies such as crypto-assets and digital assets, provided that they adequately manage the associated risks. The FDIC expects that FDIC-supervised institutions conduct all activities in a safe and sound manner and consistent with all applicable laws and regulations.