The Fed, FDIC, and currency comptroller are warning banks about messing with crypto

Jan 4 2023 by The Verge

 
Illustration by Alex Castro / The Verge

Three federal financial agencies put out a joint statement on Tuesday warning banks about the “key risks for banks associated with crypto-assets and the crypto-asset sector.” The statement explains that while banks aren’t wholesale banned or discouraged from providing services to crypto firms, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency believe that issuing or holding...

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