Over 130 US Banks Have Ongoing or Planned Crypto Assets Activities. The number of banks in the U.
11 Mar 2023, 08:00
Over 130 US Banks Have Ongoing or Planned Crypto Assets Activities
The number of banks in the U.S. under the Federal Deposit Insurance Corporation (FDIC) dabbling with crypto assets has continued to surge, indicating a strong demand for assets such as Bitcoin and Ether as well as crypto-related services.
On this note, a report published on Feb 16 by the FDIC Office of Inspector General (IOG) revealed that as of January 2023, approximately 136 banks were either involved or planning to venture into crypto-related businesses.