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The FDIC told banks to pause crypto activities while it assesses risks, documents show.
The FDIC has instructed banks to temporarily halt crypto-related activities, according to documents obtained by Coinbase through a lawsuit.
The letters, sent between 2019 and 2022, asked banks to pause operations involving cryptocurrency until the FDIC could assess risks and set supervisory guidelines.
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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El FDIC pidió a los bancos que pausaran las actividades de cifrado mientras evaluaba los riesgos, según muestran los documentos.