{"id":22534,"date":"2025-03-29T14:05:37","date_gmt":"2025-03-29T12:05:37","guid":{"rendered":"https:\/\/forklog.com\/en\/fdic-permits-crypto-related-activities-without-prior-approval\/"},"modified":"2025-03-29T14:05:37","modified_gmt":"2025-03-29T12:05:37","slug":"fdic-permits-crypto-related-activities-without-prior-approval","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fdic-permits-crypto-related-activities-without-prior-approval\/","title":{"rendered":"FDIC Permits Crypto-Related Activities Without Prior Approval"},"content":{"rendered":"<p>The Federal Deposit Insurance Corporation (FDIC) has <a href=\"https:\/\/www.fdic.gov\/news\/financial-institution-letters\/2025\/fdic-clarifies-process-banks-engage-crypto-related\">allowed<\/a> supervised financial institutions to engage in &#8220;crypto-related activities&#8221; without needing prior approval from the agency.<\/p>\n<p>The list of activities permitted by default includes providing custodian services, maintaining stablecoin reserves, issuing cryptocurrencies and other digital assets, market-making, participating in blockchain-based payment systems, and lending.<\/p>\n<p>Previously, those interested were required to notify the agency of their intentions and provide information necessary for assessing the risks associated with cryptocurrency use.<\/p>\n<p>The FDIC&#8217;s change in approach follows <a href=\"https:\/\/u1f987.com\/en\/news\/trump-to-end-crypto-firms-banking-barriers-reports-suggest\">statements<\/a> by U.S. President Donald Trump about the end of debanking for the American crypto industry.<\/p>\n<p>In 2023, FDIC experts noted the growing interest of clients in such areas, but pointed out issues of fraud and legal uncertainties, as well as imperfect risk management methods and platform vulnerabilities.<\/p>\n<p>Back in March, Reuters <a href=\"https:\/\/u1f987.com\/en\/news\/fintech-and-crypto-firms-eye-banking-licenses-for-growth\">highlighted<\/a> the increased interest of fintech and crypto firms in obtaining banking licenses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Deposit Insurance Corporation (FDIC) has allowed supervised financial institutions to engage in &#8220;crypto-related activities&#8221; without needing prior approval from the agency. The list of activities permitted by default includes providing custodian services, maintaining stablecoin reserves, issuing cryptocurrencies and other digital assets, market-making, participating in blockchain-based payment systems, and lending. Previously, those interested were [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,36,26],"class_list":["post-22534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22534"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22533"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}