Regulatory Alerts2025-03-28 | FIL-7-2025FDIC Clarifies Process for Banks to Engage in Crypto-Related Activities
The FDIC rescinded its prior notification requirement and issued new guidance allowing supervised banks to engage in permissible crypto-related activities without receiving prior FDIC approval. Institutions must ensure these activities, which include custody, stablecoin reserves, digital asset issuance, and blockchain settlement, are conducted safely and soundly while adequately managing associated market, operational, cybersecurity, and compliance risks. The agency will continue collaborating with other banking regulators to issue further interagency guidance as the crypto market evolves.
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