A trio of regulators including the Federal Reserve warned banks to be mindful of liquidity risks related to cryptocurrencies, the latest move by U.S. officials to limit the economy’s vulnerability to the tumultuous market. 

The Fed, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. said in a joint statement Thursday that banks should apply effective risk management when dealing with deposits linked to crypto entities. These include robust due diligence and monitoring of crypto entities that establish deposit accounts, as well as incorporating the potential volatility of those deposits into routine stress tests.

A regulatory crackdown on crypto—fueled partly by the November collapse of trading firm FTX—has left some banks spooked about doing business with the sector. The latest statement comes after a January warning in which the three regulators said certain types of crypto-related activities were "highly likely to be inconsistent with safe and sound banking practices."

저작권자 © 블록체인투데이 무단전재 및 재배포 금지

• 기사공유하기

블록체인투데이 다른기사 보기