Fed Chairman Jerome Powell: 'Banks Can Fully Serve Customers with Digital Currency'

Blotienso

2025-01-30 09:39:46

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Powell emphasizes that the primary role of the Federal Reserve is to oversee banks interacting with cryptocurrencies. He said that banks may serve customers in the cryptocurrency field, as long as they understand and manage the related risks, ensuring their operations remain safe and sound. Currently, many banks under the supervision of the Fed have safely entered this field. However, he also noted that banks must face stricter requirements when implementing…

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