Sunday, June 26, 2022

HA Bytes is reader supported - So if you purchase through links on our site, we may earn an affiliate commission. Learn More

HomeCryptocurrencyUS Regulators try for greater legal clarity surrounding cryptocurrency

Editor's Pick

US Regulators try for greater legal clarity surrounding cryptocurrency

American banking regulators may soon offer more insight into the legality of cryptocurrency deals.

Bloomberg reports the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have shared a roadmap of their crypto priorities for 2022, and they’re primarily focused on “greater clarity” around the legal status of transactions”.

US agencies started studying how they can get bank capital and liquidity standards to US bank organizations.

The outline follows a wave of crypto policy “sprints” that helped decide the regulatory priorities for the year ahead.

The Reserve, FDIC, and OCC aimed for common ground that included pinpointing risks and restricting the use of existing rules.

This roadmap might not lead to a concrete strategy. There’s also no guarantee this will work in crypto holders’ favor. US regulatory bodies have historically erred on the side of caution, and it won’t be shocking if cryptocurrency users have to scale back or even stop certain activities to stay on the right side of the law.


Editor Recommendation:

>El Salvador goal is to create a complete city based on Bitcoin

>TikTok’s TV App is now released for more TV devices in US and Canada

>A friend in Need, WhatsApp Biggest Scam

>Best Black Friday iPad deals 2021 | Biggest discounts Ever

>The GTA Trilogy has been unavailable just after launch

HA Staff
HA Staff
The platform where you can get the latest tech news highlights, fully unbiased reviews, buying guides, how-tos guides, gadgets, and more.


Leave a Reply