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Why finance watchdogs doubt banks can cope with crypto risks
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WASHINGTON — A group of powerful bank regulators on 3 January highlighted what they said were a litany of risks stemming from cryptocurrencies and expressed scepticism that the assets can be safely held by the financial institutions they oversee.
The Federal Reserve, Federal Deposit Insurance and Office of the Comptroller of the Currency said that recent failures of major crypto firms led them to exercise caution in reviewing banks’ proposals to engage with the market. They highlighted fraud and scams, market volatility, legal...
Read more on fnlondon.comAbout this in other media
Bernstein Analyst - Institutions Need to Give Up on Zero Crypto Strategies and Start Allocating Now cryptonews.com /1 year ago
Top watchdog warns big banks may need to be broken up fnlondon.com /1 year ago
SEC leaked crypto miners' personal information during investigation: Report cointelegraph.com /1 year ago
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