The FDIC is removing "reputational risk" from its regulatory standards, a factor that was previously used to sanction cryptocurrency companies

ChainCatcher news, according to FOX Business reporter Eleanor Terrett, the Federal Deposit Insurance Corporation (FDIC) is removing "reputational risk" from its regulatory standards.

The Federal Deposit Insurance Corporation is following the lead of the Office of the Comptroller of the Currency by eliminating this factor. Previously, this factor had been used to justify the withdrawal of banking services from legitimate businesses, including cryptocurrencies.