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Banking agencies to provide guidance on crypto after better understanding risks- FDIC head
The acting head of the Federal Deposit Insurance Corp. said that banking regulators anticipate giving financial institutions industry recommendations on crypto-related operations once agencies have a clearer understanding of the dangers involved.
The acting head of the Federal Deposit Insurance Corp. said that banking regulators anticipate giving financial institutions industry recommendations on crypto-related operations once agencies have a clearer understanding of the dangers involved.
The acting head of the Federal Deposit Insurance Corp. said that banking regulators anticipate giving financial institutions industry recommendations on crypto-related operations once agencies have a clearer understanding of the dangers involved.
Martin Gruenberg stated during a lecture at the Brookings Institution on Thursday that "we must comprehend and analyze the dangers involved with these activities the same way that we would examine the hazards attached to any other new activity."
Additionally, according to Gruenberg, the Federal Reserve's upcoming FedNow service should be complemented by a hypothetical future stablecoin-based payments system and a prospective digital currency issued by the United States central bank.
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