Chairman Powell: "We Will Not Prevent Banks from Providing Services to Legitimate Cryptocurrency Customers"
JH Kim
Summary
- Jerome Powell, Chairman of the Federal Reserve, stated that banks will not be prevented from providing services to legitimate cryptocurrency customers.
- Chairman Powell mentioned that crypto-related activities can be sufficiently conducted within banks.
- This statement suggests that banks may have more opportunities to actively provide services related to cryptocurrencies.
According to the cryptocurrency-focused media Watcher Guru X (formerly Twitter) account on the 12th (local time), Jerome Powell, Chairman of the Federal Reserve, stated, "The Fed will not prevent banks from providing services to legitimate cryptocurrency customers," adding that "many aspects of crypto-related activities can be sufficiently conducted within banks."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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