The FDIC denies that the acquisition of Signature is conditional on the abandonment of the crypto asset business | coindesk JAPAN | Coindesk Japan

The Federal Deposit Insurance Corporation (FDIC) has denied the reports, saying it will not require signature bank buyers to abandon their cryptocurrency businesses.

Citing two unnamed people, Reuters reported on Monday that “purchasers of Signature Bank must agree to abandon all cryptocurrency operations of the bank,” while the FDIC spokesperson denied this.

The spokesperson referred to two joint statements issued by the FDIC, the Office of the Comptroller of the Currency (OCC) and the Federal Reserve (Fed). One of them notes that it “neither prohibits nor discourages” banks from serving any industry.

Reuters also reported that an FDIC spokesperson said, “The FDIC will not require the company to abandon its cryptocurrency business as part of a sale.”

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Shutterstock
｜Original: FDIC Denies Report Signature Bank Purchaser Must Divest Crypto