OCC Highlights Digital Assets in Risk Report for Banks

Posted on by American Coins & Gold

OCC Highlights Digital Assets in Risk Report for Banks
Banks are more interested in cryptocurrencies than at any previous time – but they need to be careful, a federal regulator said Monday.The Office of the Comptroller of the Currency (OCC) published its Seminanual Risk Perspective report for the fall of 2021, outlining what the agency sees as the key and emerging risks banks should be aware of. Digital assets have been in the report before, but the Fall 2021 report has the most in-depth analysis of how digital assets might interact with the banking sector.“Distributed ledger technology and digital assets, including stablecoins and other crypto-assets, may broaden delivery channels…