U.S. regulators warn American banks of increased liquidity risks associated with cryptocurrency-related deposits

ChainCatcher message, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation issued a joint statement on the liquidity risks arising from vulnerabilities in the cryptocurrency asset market, emphasizing the liquidity risks for banking organizations associated with certain funding sources related to crypto-asset entities. They reminded banking institutions to apply existing risk management principles and, where permitted by law or regulation, neither prohibit nor discourage banking institutions from providing banking services to any specific category or type of customer. (Source link)