Summary
- The Fed has stated that it will no longer consider reputational risk in the bank supervision process.
- With this measure, the previous restrictions faced by virtual asset (cryptocurrency) companies in participating in the banking system are expected to be resolved.
- The market believes that this announcement could have a positive impact on the expansion of the virtual asset market.
On the 23rd (local time), Eleanor Terrett, host of Crypto in America, reported through X (formerly Twitter) that the Fed announced it will no longer consider 'reputational risk' in the bank supervision process. As a result, it is expected that the restrictions previously faced by virtual asset (cryptocurrency) companies in participating in the banking system will be resolved.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
