PANews reported on March 29 that according to Decrypt, the U.S. Federal Deposit Insurance Corporation (FDIC) announced that banks can engage in cryptocurrencies and other legally permitted activities without seeking prior approval from regulators as long as they can properly manage risks. This policy change revokes a 2022 requirement that required FDIC regulators to notify the agency before engaging in crypto-related activities. Under the new guidelines, banks can provide services involving digital assets without prior permission from the agency.