FDIC opens door for banks to enter digital asset market

Quick Summary:

As more banks show interest in digital assets following Trump's return, the FDIC plans to allow them to participate in crypto activities under new rules.

The post FDIC opens door for banks to enter digital asset market appeared first on CoinGeek.

Since the inception of digital assets, banks and financial institutions have been implicitly prohibited from engaging with them.

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Article Details

Author / Journalist: Patrick Thompson

Category: Crypto

Markets: CanadaJordanUnited States

Topics: David Sacks Traditional Finance Banking Stablecoins Regulation Federal Deposit Insurance Corporation Securities and Exchange Commission Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-10 @ 16:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1269 words

Reading Time: 8 minutes read

Sentences: 43 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © CoinGeek

News ID: 26037069

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