Today news
About the same in other media
Fed’s Michael Barr Says Crypto Turmoil Highlights Potential Risks to Financial System
Reading now: 857
WASHINGTON—Tumult in the cryptocurrency market represents a red flag to the broader financial system, the Federal Reserve’s top banking regulator told lawmakers Tuesday, while pressing for tougher guardrails in the wake of the rapid collapse of crypto exchange FTX.
Michael Barr, the Fed’s vice chairman for supervision, said crypto-related activities need to be regulated in a manner similar to more traditional financial-services providers. While most crypto activities are occurring outside the perimeter of traditional banking regulation, that could change over time.
Read more on wsj.comAbout this in other media
Fed’s Top Banking Regulator Signals Tougher Bank-Capital Rules wsj.com /1 year ago
Crypto Allures Indians With 3,100% Returns, They're Ignoring Risks ndtv.com /1 year ago
US, Bitcoin, Cryptocurrency: Crypto Exchange Bitfront Shuts Down ndtv.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
