The United States FDICgov has added a new section dedicated to crypto in its latest annual banking risk review — following several high-profile banking collapses this year.
Crypto-assets and their related activities present key risks to the United States banking system and warrant closer supervision, warns a leading U.S. financial regulator.
For the first time, cryptocurrency was given a dedicated section in the Federal Deposit Insurance Corporation’s annual risk review, calling digital asset risks “novel and complex.”highlights what the FDIC argues are key risks to banks — and comes after it noticed an increased banking interest in crypto activities.
What are the emerging risks facing the banking system? Today, we published our 2023 Risk Review which takes a comprehensive look at key developments and risks facing banks, including a new section focused on crypto-asset risk. Read more ➡️
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