FDIC called for banks to more carefully evaluate the risks when working with crypto actures – Bits Media

Chairman of the American Federal Corporation for Deposit Insurance (FDIC) made an announcement after that, How banks reported a decrease in profit in the first two quarters of the year.

Martin Greenberg (Martin Gruenberg) suggested, that the trend will continue in connection with tension in the world and increasing interest rates. An additional burden on the US financial system creates the growing interest of investors in digital assets, Despite the bearish trend of the cryptocurrency market.

Grunberg announced, that FDIC intends to closely interact with controlled banks, since operations with crypto actures should be carried out in a safe way, In accordance with applicable laws and rules. The official mentioned the loss of investors, Bankruptcy of various cryptocurrency creditors this year.

Grunberg believes, that the activities of issuers of stablecoin should be regulated by analogy with banking institutions. Nevertheless, the official recognized, that blockchain technology, on the basis of which stablecoins and other crypto acts function, can be effectively used in the payment sphere and benefit society.

In April, FDIC sent a warning to the banks about the risks of working with cryptocurrencies. The department recommended refusing to maintain cryptocurrency companies, who can mislead investors. Later Senator Pat Tumi (Pat Toomey) accused FDIC of excessive pressure on banks, what prevents the company from serving the companies, working with crypto actures.