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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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- 🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
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Event ends: August 9, 16:00 UTC
More details: https://www
FDIC updates Crypto Assets regulatory policy: Banks can conduct Compliance encryption business without pre-approval.
gate News bot message, the Federal Deposit Insurance Corporation (FDIC) of the United States released Financial Institution Letter FIL-7-2025, announcing that banks under its supervision do not need to obtain prior approval when engaging in compliance encryption-related activities. The document released this time repealed FIL-16-2022 from 2022. The FDIC emphasized in the document that banks need to effectively manage relevant risks when participating in emerging technology businesses such as crypto assets.
Source: Wu Says