Tag Archives: Crypto Activities

Inspector General’s Report Highlights FDIC’s Shortcomings in Crypto Oversight

Crypto Businesses Struggle Amid FDIC's Crypto Skepticism

The U.S. Federal Deposit Insurance Corp. (FDIC) has come under scrutiny from its inspector general for failing to provide adequate guidance to banks dealing with cryptocurrencies. The FDIC, responsible for overseeing banks in the United States, has been criticized for leaving these financial institutions ill-prepared to meet the regulator’s expectations in the realm of crypto. …