• US Watchdog Pushes FDIC to Take the Lead on Crypto Oversight

    US Watchdog Pushes FDIC to Take the Lead on Crypto Oversight

    US GAO recommended FDIC collaborate with federal bodies to tackle blockchain technology risks GAO placed blockchain on High Risk List due to regulators’ difficulties supervising blockchain-based financial products GAO noted 2023 financial regulators lacked continuous coordination mechanism to address blockchain risks The Federal Deposit Insurance Corporation has been asked by the US Government Accountability Office…

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