FDIC Unveils Transparent Framework for U.S. Banks Engaging in Crypto Activities

The Federal Deposit Insurance Corporation (FDIC) is taking a more transparent approach towards regulating crypto-related activities for US banks. Acting Chairman Travis Hill addressed the American Bankers Association Summit, outlining the agency’s evolving stance on public blockchain technology and its use in financial institutions. The FDIC acknowledges that while some jurisdictions outside the U.S. permit banks to utilize public blockchains for years, US regulators have been more cautious. ]