The Board of Governors of the Federal Reserve System (FED), the Office of the Comptroller
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The Board of Governors of the Federal Reserve System (FED), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) have issued a joint statement as regards possible liquidity risks that may arise within financial institutions when relying on deposits from crypto-asset related entities for funding their business operations (loans / credits). Specifically, the regulators note that banks, ...