FDIC issues advisory to insured institutions

The Federal Deposit Insurance Corporation has issued an advisory to FDIC-insured institutions regarding Deposit Insurance and dealings with Crypto Companies. A fact sheet on "What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies" has been posted to the FDIC website to provide additional information about deposit insurance coverage. Please see: FDIC: FIL-35-2022: Advisory to FDIC-Insured Institutions Regarding Deposit Insurance and Dealings with Crypto Companies.