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Cryptos Hit Session Highs After Regulators Announce Plan

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dshade Member Level  Tuesday, 11/23/21 02:31:05 PM
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Cryptos Hit Session Highs After Regulators Announce Plan To Define Legal Crypto-Related Bank Activities In 2022

BY TYLER DURDEN
TUESDAY, NOV 23, 2021 - 12:44 PM
A group of Federal bank regulatory agencies today issued a statement summarizing their interagency efforts focused on crypto-assets and providing a roadmap of future work related to crypto-assets. The statement (link here) describes the preliminary work conducted by the agencies and summarizes the agencies' plan to provide greater clarity throughout 2022 on whether certain crypto-related activities conducted by banking organizations are legally permissible, and related expectations for safety and soundness, consumer protection, and compliance with existing law and regulations.

https://www.zerohedge.com/markets/cryptos-hit-session-highs-after-regulators-announces-plan-define-legal-crypto-related-bank

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