Federal regulators warn that banks should be aware of the key risks associated with crypto-assets as marked by events of the past year.
In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency said “it is important that risks related to the crypto-asset sector that cannot be mitigated or controlled do not migrate to the banking system.”In a joint statement, the Federal Reserve, the Federal Deposit Insurance Corp.
The agencies said that past year was marked by significant volatility and exposure to vulnerabilities in the crypto-asset sector, though it didn’t propose any new policies.
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