Victory for Crypto: FDIC Kills ‘Reputational Risk’ in Bank Supervision

Quick Summary:

In a move hailed as a significant win for the cryptocurrency industry, the Federal Deposit Insurance Corporation (FDIC) has officially removed ‘reputational risk’ as a criterion for bank supervision.

The FDIC’s decision to drop ‘reputational risk’ aligns perfectly with the spirit of the FIRM Act.

It signals a move towards a more objective, less discriminatory approach to bank supervision, which is crucial for the healthy development of the cryptocurrency industry within the regulated financial system.

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Article Details

Author / Journalist: Editorial Team

Category: Crypto

Markets: India

Topics: CRYPTOCURRENCY Finance Banking FDIC Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 00:30:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1073 words

Reading Time: 6 minutes read

Sentences: 59 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 27341094

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 45 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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