A damned if you do damned if you don’t moment as the Federal Reserve, Federal Deposit Insurance Corporate and Office of the Comptroller of the

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A damned if you do damned if you don’t moment as the Federal Reserve, Federal Deposit Insurance Corporate and Office of the Comptroller of the Currency have informed covered banking organisations that unmitigated crypto risks do not migrate to the banking sector. A clear indication that they expect banks to manage their crypto risk exposure.

Those covered organisations that are exposed to risks are being supervised and regulators are reviewing any proposals for banks to engage in crypto activity.

The arm around the shoulder and regulatory cuddle is timely?

Ted Dziekanowski

#crypto #cryptoregulation

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