FILE PHOTO: The Federal Deposit Insurance Corp (FDIC) logo is seen at the FDIC headquarters as Chairman Sheila Bair announces the bank and thrift industry earnings for the fourth quarter 2010, in Washington, February 23, 2011. REUTERS/Jason Reed/File Photo
WASHINGTON (Reuters) -Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities.
The Federal Deposit Insurance Corporation announced Friday that banks can engage in legally permitted activities, including those that involve cryptocurrency, without receiving prior regulatory approval and so long as they manage their risks appropriately.
