Cryptocurrency Warning from FDIC to Banks!

US Federal Deposit Insurance Corporation (FDIC) from banks under its control on Thursday. cryptocurrencies He told them to report in detail about their activities.

FDIC In the letter he sent to the banks under his control, cryptocurrencies He stated that any agency considering dealing with the agency should tell the agency its plans, and any agency already engaged in such activities should notify the agency immediately.

In the FDIC letter, cryptocurrencies and the related activities contain potential risks, and used the following statements:

“Cryptocurrency-related activities may pose significant security and robustness risks, as well as financial stability and consumer protection concerns.”

FDIC In his letter, he asks institutions to provide detailed information about the planned activity and the proposed timeline before proceeding with a crypto-related activity.

The agency stated that it plans to ensure security, financial stability and consumer protection with the detailed reports it requested.

This reporting, requested by the FDIC from institutions under its control, is the agency’s cryptocurrencies recognized as its growing popularity.

Because last month US President Joe Biden He told government agencies to evaluate the risks and benefits of cryptocurrencies.

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