Feds Target Cryptocurrencies

In a joint statement by The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). About a three minute read.

Comment: this changes things and in a very profound manner, it’s setting the regulatory landscape up for a push to regulate crypto and likely drop strong regulation in place. Still, largely ineffective unless we see it mirrored across the G7 or broader G20.