U.S. regulators exploring how banks could hold crypto assets – FDIC chairman
By Echo Wang
LAS VEGAS (Reuters) – A excessive U.S. monetary establishment regulator said U.S. officers need to current a clearer path for banks and their consumers that need to hold cryptocurrencies, with the intention to take care of administration over the short-creating asset.
Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, knowledgeable Reuters in an interview on Monday {{that a}} workforce of U.S. monetary establishment regulators is trying to supply a roadmap for banks to interact with crypto assets.
That could embrace clearer pointers over holding cryptocurrency in custody to facilitate shopper shopping for and promoting, using them as collateral for loans, and even holding them on their steadiness sheets like further standard assets.
“I really feel that we’ve got to allow banks on this space, whereas appropriately managing and mitigating hazard,” she said in …