The GAO urges the FDIC to implement a 2023 recommendation for interagency blockchain risk coordination, as banks gain new freedom to engage in crypto

The Federal Deposit Insurance Corporation has been urged by the US government’s accountability watchdog to address how it will oversee blockchain-based financial products.

The GAO urges the FDIC to implement a 2023 recommendation for interagency blockchain risk coordination, as banks gain new freedom to engage in crypto