US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives
The new guidelines come after the FDIC removed the ‘reputational risk’ category from bank exams. The Federal Deposit Insurance Corporation (FDIC) said in a March 28 letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. The announcement comes as the Commodity Futures Trading Commission (CFTC) announced that…