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Cryptocurrency Cointelegraph

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

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

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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

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

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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Read on Cointelegraph

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