December 24, 2024

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

1 min read
2 years ago admin
<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.

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