US banking regulators want to clarify cryptocurrency rules in 2022
The Federal Reserve, the Federal Deposit Insurance Corporation (or FDIC), and the Office of the Comptroller of the Currency (OCC) have issued a joint statement outlining a plan to clarify the rules and regulations governing how banks can use cryptocurrencies over the next year (via Bloomberg). According to the agencies, they are focusing on setting expectations for what banks can do in terms of holding crypto, allowing customers to obtain crypto, issuing their own stablecoins (or cryptocurrencies whose value is tied...