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Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision

Regulation

Many crypto asset activities pose ‘novel risks’ to banks, says Fed vice chair for supervision

Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.

Michael Barr suggested financial institutions engage with U.S. regulators to ensure “safe, sound, and legally permissible” activities around use cases of innovative technologies.

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