Powell Backs Crypto Services, With Key Conditions
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BTCCSquare news:
Federal Reserve Chair Jerome Powell has clarified the central bank's stance on digital assets, permitting U.S. banks to engage with cryptocurrency companies under strict risk management and consumer protection protocols. This marks a significant step toward institutional crypto adoption.
The Fed's conditional approval signals growing regulatory acceptance of digital assets while emphasizing the need for safeguards. Banks venturing into crypto services must implement robust compliance frameworks to mitigate volatility and operational risks inherent to the sector.
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