Determining whether crypto assets are legal, safe, and provide consumers with adequate protection from fraud are three areas of concern federal banking regulators say they will examine in 2022.
The Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) issued a joint statement Tuesday regarding recent interagency “policy sprints” on crypto assets. The statement lays out key risks regulators have identified for financial institutions entering the crypto asset space on their own behalf, for their customers, and for financial markets as a whole.
