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Watchdog urges banks to treat crypto with caution as sector turmoil continues
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Banks should take a cautious approach to digital asset markets, including discussing any new plans with regulators, a top US banking authority said, pointing to ongoing turmoil among crypto firms.
Crypto industry risk management lacks maturity, and some industry practices mean trouble in one firm could spill over to others, the Office of the Comptroller of the Currency said on 8 December.
“Most...
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