FDIC Eases Crypto Rules for Banks, Drops Approval Hurdle

The FDIC shakes up crypto banking rules, scrapping a key approval requirement and giving financial institutions more freedom to engage with digital assets—so long as they can handle the risks. Prior FDIC Notification Rule Rescinded The Federal Deposit Insurance Corporation announced Friday it is withdrawing a specific directive issued just two years ago. That rule, known formally as Financial Institution Letter FIL-16-2022, had required banks supervised by the FDIC to formally notify the agency and wait for its non-objection before initiating any crypto-related activities. This prior notification system served as a distinct checkpoint for banks venturing into the digital asset The post FDIC Eases Crypto Rules for Banks, Drops Approval Hurdle first appeared on The Shib Daily source: https://news.shib.io/2025/03/31/fdic-eases-crypto-rules-for-banks-drops-approval-hurdle/?utm_source=rss&utm_medium=rss&utm_campaign=fdic-eases-crypto-rules-for-banks-drops-approval-hurdle