FDIC allowed US banks to work with crypto actures without the approval of the regulator

The Federal Corporation of US Deposits (FDIC) has issued a new FIL-7-2025 document. He allows the banks under her supervision to conduct activities with cryptocurrencies without preliminary approval. This cancels the restrictions introduced in 2022 FIL-16-2022, and reduces barriers for the interaction of financial institution with representatives of the crypto industry.

Previously, regulators limited the work of banks with digital assets, referring to reputation risks. Now this argument is excluded, which will allow institutions to serve legal blockchain companies without fear. This can improve access to banking services and contribute to the growth of the industry.

The new FDIC policy focuses on risk management instead of a complete ban on banks in cryptocurrency operations. The management believes that this decision will eliminate uncertainty in regulation and will open more opportunities for traditional financial institutions.

The acting chairman of FDIC Trevis Hill noted that the organization is reviewing outdated approaches and plans new steps to integrate the banking sector with crypto and blockchain-industry. FDIC will continue to work with other financial regulators on the creation of unified standards of supervision and control of digital assets.

Experts believe that the softening of a policy can attract more institutional investors to the cryptosphere. Banks will now be able to offer customers more services, including storing digital assets, lending and payment decisions.

Although the new FDIC policy makes the market more open, the final regulatory frames have yet to be determined. It is expected that in the coming months the supervisor will publish additional clarifications and new rules for banks working with cryptocurrencies.

Author

Peter Ivanov