GuShiio.com gushiio.com has learned that the Federal Deposit Protection Corporation (FDIC) today released 175 documents related to the regulation of banks participating or attempting to participate in crypto-related businesses. Acting Chairman Travis Hill said that previous banks ‘requests for crypto business generally encountered resistance, including repeated requests by regulators for additional information, long-term failure to respond or direct instructions to suspend all crypto and blockchain activities, resulting in most banks finally abandoning relevant attempts. Hill said that the FDIC is re-evaluating the way it regulates crypto-related businesses and plans to replace the 2022 regulatory guidelines (FIL 16-2022) to provide a compliance path for banks to engage in crypto-business.
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