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It is reported that according to the report issued by the Office of the United States Inspector General (OIG), the data of the Federal Deposit Insurance Corpor…
It is reported that according to the report issued by the Office of the United States Inspector General (OIG), the data of the Federal Deposit Insurance Corporation (FDIC) shows that as of January 2023, about 136 banks are planning or have participated in various activities related to encrypted assets. The increasing participation of banks in the digital asset industry shows that people’s demand for cryptocurrency related services is growing, and also reflects the growing popularity of assets such as Bitcoin. However, OIG called on FDIC to provide appropriate guidelines for banks according to its responsibilities. The challenge for FDIC is to ensure that its policies and procedures take into account the risks related to digital assets, especially the risks related to deposit insurance. In addition, the report warns that given that 16% of Americans (52 million people) have purchased cryptocurrency, corresponding protection measures are increasingly needed. （Finbold）
Report: About 136 U.S. banks are planning or have provided services related to encrypted assets
Interpretation of the news:
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