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FDIC Clears Path for Bank Crypto Activities Without Prior Approval

Decrypt LogoDecrypt3d ago

FDIC Clears Path for Bank Crypto Activities Without Prior Approval - Decrypt

Quick Summary:

The Federal agency reverses policy that required banks to seek permission before offering cryptocurrency services—a significant shift in the U.S.

Its new stance could potentially unlock significant capital flows into the cryptocurrency sector as banks reassess their ability to serve digital asset companies and offer crypto-related products to customers.

Documents released earlier this year through Freedom of Information Act requests showed the FDIC frequently deterred banks from offering crypto-related services, critics claimed.

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Article Details

Author / Journalist: Jose Antonio Lanz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 22:37:32 (3 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27390961

View Article Analysis

About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 7 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 14 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "FDIC Clears Path for Bank Crypto Activities Without Prior Approval" has 689 words across 25 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Which news outlet covered this story?

The story "FDIC Clears Path for Bank Crypto Activities Without Prior Approval" was covered 3 days ago by Decrypt, a news publisher based in Estonia.

How trustworthy is 'Decrypt' news outlet?

Decrypt is a fully independent (privately-owned) news outlet established in 2018 that covers mostly crypto news.

The outlet is headquartered in Estonia and publishes an average of 7 news stories per day.

It's most recent story was published 14 hours ago.

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The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

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  • News ID: #27390961
  • URL: https://chronographically.beamstart.com/news/fdic-clears-path-for-bank-17432014827429

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