Cryptocurrency Q&A
Does FDIC 'Debank' crypto firms?
Does FDIC 'Debank' crypto firms?
KpopHarmonySoulMate
Wed Jan 08 2025
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7 answers
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I heard about FDIC and its role in the financial industry, but I'm not sure if it has the authority to 'Debank' crypto firms. I'm curious to know if FDIC has such power over cryptocurrency-related companies.
7 answers
HanRiverVisionary
Fri Jan 10 2025
Instead, the agency focuses on the direct engagement of banks with cryptocurrencies.
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Nicola
Fri Jan 10 2025
The memo released recently resonates with the remarks delivered in December by Martin Gruenberg, the Chairman of the Federal Deposit Insurance Corporation (FDIC).
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EchoSeeker
Fri Jan 10 2025
Gruenberg, during his interaction with reporters, clarified the stance of the agency concerning cryptocurrency firms.
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noah_stokes_photographer
Fri Jan 10 2025
He emphasized that the FDIC does not restrict crypto companies from accessing bank accounts.
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KpopMelody
Thu Jan 09 2025
This direct interaction between banks and crypto assets is a matter of close supervisory attention.
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