© Reuters. U.S. regulators warn banks to be on alert for crypto-linked liquidity risks
WASHINGTON (Reuters) – High U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-linked purchasers, cautioning about a of their deposits can also showcase unsafe.
In a joint assertion issued Thursday, the Federal Reserve, Federal Deposit Insurance Company, and the Place of work of the Comptroller of the Currency talked about banks must maintain sturdy tools in space to music funds positioned by crypto-asset linked entities. The agencies eminent deposits positioned with banks for the help of crypto customers, besides stablecoin reserves, can also merely be discipline to rapidly outflows.
(Reporting by Pete Schroeder; Editing by Chizu Nomiyama)