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Fed's Powell Says Crypto Industry Would Benefit From More Regulation
Summary: Federal Reserve Chairman Powell said at a press conference that the cryptocurrency industry could benefit from more regulatory rules to govern its behavior. Banks are fully capable of serving crypto customers as long as they can effectively manage risks. He said: "We are not against innovation, nor are we against banks' interaction with the cryptocurrency ...
Federal Reserve Chairman Powell said at a press conference that the cryptocurrency industry could benefit from more regulatory rules to govern its behavior. Banks are fully capable of serving crypto customers as long as they can effectively manage risks.
He said: "We are not against innovation, nor are we against banks' interaction with the cryptocurrency field. But it would be helpful if there was a larger regulator around cryptocurrencies. This would be a very constructive thing for Congress to do."
Tags: Bank,Crypto,Fed,POWELL
Link: Fed's Powell Says Crypto Industry Would Benefit From More Regulation [Copy]
