US FDIC: Developing "Deposit Tokenization Insurance" Guidelines, Emphasizing Consistency Between On-Chain and Traditional Deposit Legal Nature
Jinse Finance reported that Travis Hill, Acting Chairman of the US Federal Deposit Insurance Corporation (FDIC), stated that the agency is working on formulating guidelines for "deposit tokenization insurance" to provide regulatory direction for financial institutions planning to expand into digital asset businesses. Hill emphasized that the legal nature of deposits should remain unchanged, whether in the traditional financial system or when migrated to blockchain or distributed ledger technology.
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