November 11, 2024

Rise To Thrive

Investing guide, latest news & videos!

Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision

1 min read
<div>Many crypto asset activities pose 'novel risks' to banks, says Fed vice chair for supervision</div>

Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.