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FDIC to include cryptocurrency activity in bank risk reports

The Federal Deposit Insurance Corporation (FDIC) will include cryptocurrency activities as one of the five categories in bank risk reports. According to FDIC, under authorization, it will issue additional statements related to bank institutions participating in activities related to encrypted assets. It supplements the consistent view of US banking institutions (including the Currency Supervision Bureau and the Federal Reserve) that banks should generally keep their distance from digital assets unless their federal regulatory agencies are satisfied with specific activities.

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