Summary
- The FDIC announced regulatory guidance clarifying bank virtual asset activity procedures.
- According to the guidance, FDIC-regulated institutions can participate in permitted virtual asset activities without prior approval.
- It was reported that the past customer reputation risk assessment criteria were criticized as a means of sanctioning the virtual asset industry.
On the 28th (local time), the United States Federal Deposit Insurance Corporation (FDIC) announced regulatory guidance related to virtual assets (cryptocurrencies).
According to this guidance, institutions regulated by the FDIC can participate in permitted virtual asset activities without prior approval.
Previously, the FDIC abolished the customer reputation risk assessment criteria for banks.
This criterion was criticized as being misused as a means of sanctioning the virtual asset industry by financial authorities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
