Taking Bitcoin to the Bank: FDIC Seeks Comments on Bank Services for Digital Assets
By: Judie Rinearson, Jeremy McLaughlin, and Daniel S. Cohen
The Federal Deposit Insurance Corporation (FDIC) has issued a “Request for Information and Comment on Digital Assets” (RFI) to learn more about the “novel and unique considerations related to digital assets….[g]iven that banks are increasingly exploring the emerging digital asset ecosystem.” A key theme of the RFI is the development of a framework to promote “responsible innovation.” Comments are due by July 16, 2021.
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