FDIC Asks All Banks to Report Crypto Activities

In a letter sent to bankers on Thursday, the FDICgov asked all banks to report their crypto activities, citing potential “safety and soundness risks as well as financial stability concerns.” cheyenneligon reports

Federal Deposit Insurance Corporation headquarters in Washington, D.C., U.S.

On Thursday, the Federal Deposit Insurance Corporation issued a financial institution letter – a letter sent to CEOs of FDIC-insured banks – requesting that banks should notify their regional FDIC director of their crypto activities. This request applies to both current and future crypto-related activities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CoinDesk /  🏆 291. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Bank to Enable Customers Buy Bitcoin and Ethereum via New Crypto Offering⬆ +14 American Bank to Enable Customers Buy Bitcoin and Ethereum via New Crypto Offering $BTC bitcoin $ETH
Read more »

Federal prosecutors forfeit $34 million in crypto tied to dark web activitiesIt's one of the largest crypto asset forfeitures by the United States, according to the Department of Justice.
Read more »

Nigeria’s central bank fines four lenders for facilitating crypto transactionsThe Central Bank of Nigeria (CBN) imposed fines on four banks ₦800 million ($1.9 million) for allegedly facilitating cryptocurrency transactions... Continue reading
Read more »

543 BTC Seized! U.K. to Make Stablecoins a Recognized Payment Method [ Crypto Espresso 04.5.22 ]543 BTC Seized! U.K. to Make Stablecoins a Recognized Payment Method [Crypto Espresso 04.5.22] Bitcoin Price Heading to $100,000 and Ether 'Massively Undervalued,' Bloomberg Analysts Say...
Read more »

CBA‘s plans to expand crypto services to 6.5M users delayed by red tapeThe Australian Securities and Investment Commission is slowing down the launch of the first crypto services issued by Commonwealth Bank of Australia.
Read more »