US regulators warn banks about crypto

The Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) issue a joint statement highlighting risks emanating from the crypto-asset sector.

One of the interesting aspects of the meltdown in the crypto ecosystem is the fact that traditional finance remains almost completely unscathed.

Traditional financial institution exposure to crypto-assets, where it exists, appears to be limited by professional scepticism, good risk management practice, and effective regulatory mechanisms. All of these are

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