#ecoinimist

#Coinbase has revealed that the Federal Deposit Insurance Corporation (#FDIC ) has been advising U.S. banks to avoid crypto-related services, highlighting over 20 instances of this guidance.

This comes as the FDIC expresses concerns about the risks cryptocurrencies pose to financial stability, such as fraud and volatility. While some view these regulatory actions as a hindrance to innovation, others believe they could enhance security and market stability.

The situation underscores the evolving regulatory landscape for digital assets and the need for stakeholders to stay informed as the industry navigates these challenges.