Federal bank regulatory agencies in the United States on Tuesday raised the alarm of 'key risks' for banks associated with crypto-assets and the
Federal bank regulatory agencies in the United States on Tuesday raised the alarm of “key risks” for banks associated with crypto-assets and the crypto-asset sector.
The alert describes the “several risks”, as demonstrated by the significant volatility and vulnerabilities over the past year. They promised to continue to assess whether the activities are conducted in a manner that is safe, legally permissible, and in compliance with applicable laws and regulations.
In May 2021, the Chinese government threatened to deal with financial institutions that offer cryptocurrency services., warning that the price can be manipulated.
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