Cryptocurrencies have achieved a significant milestone as they found themselves featured within a dedicated segment of the Federal Deposit Insurance Corporation, or FDIC, annual risk review, acknowledging the intricate and unprecedented risks associated with digital assets.
This inclusion comes in the wake of a tumultuous period, marked by the March banking crisis that witnessed the abrupt downfall or compelled closure of prominent financial institutions such as Silicon Valley Bank, Silvergate Bank, and Signature Bank, all within a mere week.
The FDIC’s mention of cryptocurrencies in its report reflects the challenging task of evaluating risk in a domain characterized by its ever-evolving nature and rapid technological advancements.
FDIC Report Identifies Growing Crypto Risks Amid Banking Interest
In its freshly released Risk Review 2023 report, the FDIC has underscored what it considers pivotal risks confronting banks. The report’s unveiling follows a discernible surge in bank
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