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U.S. FDIC: Is formulating guidelines for "deposit tokenization insurance," emphasizing that the legal nature of on-chain deposits is consistent with traditional deposits.

Golden Finance reported that Travis Hill, acting chairman of the Federal Deposit Insurance Corporation (FDIC), stated that the agency is working on guidelines for “deposit tokenization insurance” to provide regulatory direction for financial institutions planning to expand their digital asset business. Hill emphasized that the legal nature of deposits should remain unchanged whether they are in the traditional financial system or migrated to a Blockchain or Distributed Ledger.

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