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Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services – TON BOT

Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services

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Coinbase’s chief legal officer shared unredacted documents revealing that the FDIC urged banks to halt or avoid not only crypto-related services but also simple Bitcoin offerings. The letters recommended suspending crypto services, leading to concerns about hindering the US crypto industry’s growth. The FDIC published an internal memo detailing how supervisors should approach banks offering crypto services. Despite the FDIC’s recommendations, it claims it is not hindering crypto firms’ access to banking services. The crypto industry hopes President-elect Donald Trump will address the issue.

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