The federal regulators won't be able to regulate it.' 'If we don't bring this activity inside the banks, it is going to develop outside of the banks. 'I think that we need to allow banks in this space, while appropriately managing and mitigating risk,' she said in an interview on the sidelines of a fintech conference. That could include clearer rules over holding cryptocurrency in custody to facilitate client trading, using them as collateral for loans, or even holding them on their balance sheets like more traditional assets. bank regulators is trying to provide a roadmap for banks to engage with crypto assets. Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation, told Reuters in an interview on Monday that a team of U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset.
The global cryptocurrency market cap is Rs 192.78 lakh crores, a 1.93 percent decrease over the last day, while the total crypto market volume over the last 24 hours is Rs 8,42,518 crores, which makes a 15.94 percent increase.īitcoin's price is currently Rs 47,39,423 and its dominance is currently 44.39 percent, a decrease of 0.70 percent over the day.Ī top U.S.
Cryptocurrency prices are mostly in the red on October 27.
