US Regulators Caution Banks On The Risks Of Crypto Liquidity
US regulators have issued a warning to banks regarding the potential liquidity risks associated with cryptocurrencies, particularly in times of market stress. The warning comes amid growing interest in cryptocurrencies among banks and other financial institutions.
According to a joint statement from the Federal Reserve and other US financial regulators, crypto creates serious liquidity risks, further supporting their drive to discourage lenders from lending on digital assets in general. For the first time ever, a warning regarding stablecoin reserves was included in the letter that was released by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. The latest in a series of formal warning pronouncements makes it obvious that any institution playing.
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