FDIC officials are asking banks for details on how they may engage with cryptocurrency while maintaining appropriate safeguards.

The Federal Deposit Insurance Corp. released a trove of documents related to its supervision of US banks that were providing services to the cryptocurrency industry or considering doing so, providing a glimpse into some of the regulator’s oversight priorities over the past few years.

Federal Deposit Insurance Corp. Acting Chair Travis Hill released a trove of internal supervisory correspondence from the agency to banks regarding proposed cryptocurrency business lines or relationships,

FDIC documents reveal regulatory pressure on banks, urging them to restrict crypto-related activities and US dollar deposits.