Financial Crime Financial Crime

US banking agencies in 'sprint' to develop crypto rule, supervision framework, Fed's Quarles says

By Neil Roland
  • 25 May 2021 16:20
  • 25 May 2021 16:20
US banking regulators are coordinating in a “sprint” to develop a cryptocurrency regulatory and supervisory regime, Randal Quarles, the Federal Reserve’s vice chairman for supervision, said today.

The central bank, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency “are working together on what we are calling a

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