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flag The FDIC told banks to pause crypto activities while it assesses risks, documents show.

flag The FDIC has instructed banks to temporarily halt crypto-related activities, according to documents obtained by Coinbase through a lawsuit. flag The letters, sent between 2019 and 2022, asked banks to pause operations involving cryptocurrency until the FDIC could assess risks and set supervisory guidelines. flag Despite this, the FDIC has not banned banks from engaging in crypto activities and has not announced any near-future regulatory changes.

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