One of the United States regulators for the banking sector is now imposing a new requirement for financial institutions engaged in crypto activities. The Federal Deposit Insurance Corporation (FDIC) is now requiring the thousands of banks it supervises to report any crypto-related activities they are currently engaged in or are planning to offer to their clientele. The regulator sent a letter to the CEOs of FDIC-insured financial institutions on Thursday requesting them to notify their regional FDIC of both current and planned crypto-related activities. The FDIC cited potential systemic...
source: https://tokenpost.com/US-banks-current-and-planned-crypto-related-activities-should-be-reported-to-the-FDIC-9578
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