It’s not just pro-crypto regulations but also a supporting infrastructure that allows sustainable crypto adoption in any jurisdiction. Weighing in factors such as the number of Bitcoin (
The Office of the Comptroller of the Currency (OCC) warned banks of the “emerging risks” in crypto while asking the sector to take a “cautious approach” when dealing with crypto companies.
Check it out! The @USOCC reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2022. Read more at https://t.co/CcfoiQM8xe pic.twitter.com/0WnAt5psXU
— OCC (@USOCC) December 8, 2022
While discussing risk management, the OCC said practices at crypto firms were “not yet robust,” highlighting the crypto ecosystem’s unpreparedness during several collapses over the past year.
