Odaily Planet Daily News: The Federal Deposit Insurance Corporation (FDIC) in the United States recently released 175 documents detailing its regulation of banks engaged in cryptocurrency related activities. Acting Chairman Travis Hill sees this move as part of a broader effort to increase transparency. Hill admitted to criticizing the FDIC's stance for hindering banks from exploring blockchain and digital assets, saying, "I have been criticizing the FDIC's attitude towards cryptocurrency and blockchain in the past. As I said in March last year, the FDIC's approach 'leads people to generally believe that if an institution is interested in anything related to blockchain or distributed ledger technology, the institution cannot conduct business.' After taking office, Hill initiated a review of all regulatory communications related to crypto banking and explained the timing of the document's release. He stated, "After becoming the acting chairman, I instructed my employees to conduct a comprehensive review of all regulatory communications with banks attempting to provide crypto related products or services Previously, the FDIC issued 25 "suspension" letters to 24 institutions interested in engaging in cryptocurrency or blockchain related activities.