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Banking agencies to provide guidance on crypto after better...

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작성자 Carlota 댓글 0건 조회 959회 작성일 22-11-15 04:18

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Oct 20 (Reuters) - Banking regulators expect to provide industry guidance to financial institutions on crypto-related activities once agencies better understand the associated risks, said the acting chairman of the Federal Deposit Insurance Corp.
"We must understand and assess the risks associated with these activities the same way that we would assess the risks related to any other new activity," said Martin Gruenberg on Thursday during a speech at the Brookings Institution.
Gruenberg also added that a potential future payments system based on the use of stablecoin, which are crypto-assets typically pegged to the U.S.

dollar, should complement the Federal Reserve's forthcoming FedNow service, Selot5000 as well as a possible U.S. central bank digital currency. (Reporting by Hannah Lang in Washington)
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