In a joint commentary released by three United States federal businesses, the banking sector turned into suggested towards atmosphere up recent possibility management solutions to counter liquidity risks as a result of crypto-asset market vulnerabilities.
The Board of Governors of the Federal Reserve, the Federal Deposit Insurance coverage Company (FDIC) and the Location of enterprise of the Comptroller of the Foreign money (OCC) released a commentary reminding banks to observe existing possibility management solutions when addressing crypto-linked liquidity risks.
- Deposits positioned by a crypto-asset-linked entity for the good thing about the crypto-asset-linked entity’s customers (stay customers).
- Deposits that represent stablecoin-linked reserves.
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