FDIC Vice Chairman Calls for More Open Approach to Crypto

PANews reported on January 11 that according to The Block, Travis Hill, Vice Chairman of the Federal Deposit Insurance Corporation FDIC, expressed the hope that federal agencies would adopt a more “open attitude” towards encryption technology and called for more guidance on digital assets. Hill also mentioned Operation Choke Point and called for an end to such practices. and re-evaluate how the Bank Secrecy Act is implemented to reduce the phenomenon of banks closing accounts due to lack of compliance and facing hefty fines.