New FDIC Crypto Warning Underlines U.S. Banking Agencies’ Arm’s-Length Policy

OKX-Affiliated OKCoin Accused by FDIC of Making False Claims About Customer Protections

The report makes no new policy, and it adds to the consistent view from U.S. banking agencies – including the Office of the Comptroller of the Currency and the Federal Reserve – that banks should mostly keep their distance from digital assets, unless their federal regulators are comfortable with the specific activity.

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