US companies suggest outdated danger administration rules for crypto liquidity

In a joint assertion launched by three United States federal companies, the banking sector was suggested towards creating new danger administration rules to counter liquidity dangers ensuing from crypto-asset market vulnerabilities.

The Board of Governors of the Federal Reserve, the Federal Deposit Insurance coverage Company (FDIC) and the Workplace of the Comptroller of the Forex (OCC) launched an announcement reminding banks to use present danger administration rules when addressing crypto-related liquidity dangers.

1. Deposits positioned by a crypto-asset-related entity for the good thing about the crypto-asset-related entity’s prospects (finish prospects).
2. Deposits that represent stablecoin-related reserves.

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