Cryptocurrencies
FDIC Is Preparing Guidance on Banks and Crypto
- Agency is working with Fed, other regulators on crypto policy
- Stablecoins should be subject to tailored regulatory oversight
Jelena McWilliams
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Add the Federal Deposit Insurance Corp. to the list of regulators with their eyes on crypto.
The agency has been working with the Federal Reserve and the Office of the Comptroller of the Currency to coordinate policies for how and under what circumstances banks can engage in activities involving crypto assets, FDIC Chairman Jelena McWilliams said at a conference Monday. The FDIC plans to issue a series of policy statements in the coming months, she said.