Coinbase shares unredacted FDIC letters urging banks to avoid offering basic Bitcoin services

Coinbase chief legal officer Paul Grewal shared documents revealing that the Federal Deposit Insurance Corporation (FDIC) urged banks to halt or avoid not only crypto-related services but also simple Bitcoin (BTC) offerings. The letters are unredacted versions of documents shared by Grewal on Dec. 6, 2024. They were dubbed “pause letters” because they repeatedly recommend […] The post Coinbase... source: https://cryptoslate.com/coinbase-shares-unredacted-fdic-letters-urging-banks-to-avoid-offering-basic-bitcoin-services/