The top US bank regulators issued a fresh warning to lenders about the risks associated with delving into crypto.
The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency on Tuesday detailed concerns with the volatile asset class. Officials said in a statement that it was important that risks that can’t be controlled aren’t allowed to migrate to the banking system.
Federal watchdogs have insisted that the impact on the broader financial system from FTX’s implosion was minimal. However, it has kindled calls for American regulators to do more to prevent further calamities. In October, Bank of New York Mellon Corp. announced the launch of a digital asset platform in the US to allow some clients to hold and transfer Bitcoin and Ether. The firm declined to comment on the regulators’ statement.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel’s Ben-Gvir visits Al Aqsa mosque compound, Palestinians incensedIsrael’s new far-right national security minister Itamar Ben-Gvir briefly visited Al Aqsa mosque compound in Jerusalem, a site also revered by Jews, angering the Palestinians and drawing a slew of condemnations. | Reuters
Read more »
'Just got enGAYged!': Ben&Ben’s Agnes Reoma, Pat Lasaten are getting marriedCongrats, Pat and Agnes! 💍💖 | via philstarlife
Read more »
European shares gain for third day as France inflation slowsEuropean shares extended gains as a lower inflation reading from France boosted sentiment, while investors awaited euro zone business activity data and minutes from the U.S. Federal Reserve’s last meeting. | Reuters
Read more »
Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes showWASHINGTON -All officials at the Federal Reserve&039;s Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to
Read more »
Hawkish Fed rhetoric fails to lift dollar; Aussie jumpsThe dollar struggled to advance even though Federal Reserve policymakers reiterated their commitment last month to fighting inflation, while the Aussie rallied after China eased its restrictions on imports of Australian coal. | Reuters
Read more »
German unemployment fell in DecemberBERLIN - German unemployment fell in December, Labor Office figures showed on Tuesday, with the labour market overall being only moderately affected by the war in Ukraine last year. The Federal
Read more »