The rapid integration of digital assets with the current financial system could pose significant risks, according to the FDIC.
The Federal Deposit Insurance Corporation has included evaluating crypto-asset risks on its list of priorities for the year.the regulator's 2022 priorities in a statement, saying each will require close collaboration among the federal banking agencies.
The rapid integration of digital assets with the current financial system could pose significant risks to its safety and soundness, according to the FDIC. "To the extent such activities can be conducted in a safe and sound manner, the agencies will need to provide robust guidance to the banking industry on the management of prudential and consumer protection risks raised by crypto-asset activities," said the statement.
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