🇺🇸 :fd::ic: The FDIC says banks can now engage in #Bitcoin and crypto activities without prior approval.
"This is the entity that provides U.S. $250,000 in insurance for individual bank accounts, on a per-bank basis."
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Say hello to fractional reserve Bitcoin banking.
Another win for Bitcoin.
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Frankly, that's fucking terrible news🤷🏻♂️.