The Federal Reserve and different US regulators have warned banks over their dealings with crypto asset companies, saying the crypto sector lacks “maturity” and poses dangers that would spill over to different sectors.
Regulators issued a joint assertion on January 3 clarifying their supervisory expectations of banks with exposures to crypto. The companies stated banks are usually not at the moment prohibited from offering such companies, however regulators are contemplating “whether or not or how” crypto exercise can adjust to
