US Federal Reserve And Other Officials Strive to Warn Banks About Crypto

The U.S. Federal Reserve and other authorities issued a crypto alert for the banking industry on Tuesday, but the statement does not contain any new guidelines for how conventional institutions should approach digital assets. US Federal Reserve & Others Issue Warning on Crypto According to a release from the authorities, which includes the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC), the agencies keep taking a prudent and conservative approach relating to existing or prospective crypto-asset-related operations and exposures at each financial institution, given the severe risks illustrated by the recent collapses of The post US Federal Reserve And Other Officials Strive to Warn Banks About Crypto appeared first on Cryptoknowmics-Crypto News and Media Platform .