The FDIC says that the advice reflect the “new approach” of banks and crypto

THE Federal Deposit Insurance Corporation (FDIC) provided new guidelines on Friday March 28 saying that institutions supervised by the FDIC can engage in activities related to the crypto without receiving the prior approval of the FDIC, provided that they adequately manage the associated risks. The FDIC provided these new directives in a letter from financial…

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South Korea reprimands non-compliant cryptographic platforms, notably Bitmex and Kucoin

South Korea targets crypto exchanges like Kucoin for not having respected the Vasp rules. Non -recorded platforms like Bitmex are facing sanctions in South Korea to protect investors. South Korea plans to block illegal crypto exchanges operating without appropriate recording. Several cryptocurrency exchanges will be faced with financial sanctions because they operate against South Korean…

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