Federal insurance doesn’t cover digital asset companies, FDIC clarifies
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
FDIC insurance doesn’t protect against insolvency, default, or bankruptcy of any non-bank entity such as digital asset exchanges, custodians, or brokers.
The regulators joined the initiative in a bid to provide better regulatory clarity and identify the opportunities and challenges facing the market.