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U.S. Banking Organizations Want To Clarify Rules for Certain Crypto Activities

9 days ago   |   By Hypebeast

Banking organizations in the United States have set out to clarify what role banks can play in the cryptocurrency economy. In a statement released on Tuesday, the three agencies - The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency - said that they had collectively conducted “policy sprints,” a method of preliminary analysis, on the various issues that may arise when banking with crypto. The agencies said that while the emerging cryptocurrency market “presents potential opportunities and risks for banking...
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