US regulators FDIC and CFTC ease crypto restrictions for banks, derivatives

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…

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# Silvergate and SVB bite the dust: Law Decoded, March 6–13.

# Silvergate and SVB bite the dust: Law Decoded, March 6–13.

” Silvergate and SVB bite the dust: Law Decoded, March 6–13. “ Last week, another major quake shook crypto markets. Silvergate Bank — a crypto-fiat gateway network for financial institutions and a significant on-ramp for cryptocurrencies in the United States — shut down operations due to liquidity problems.  A couple of days later, another ​​Federal…

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