U.S. regulator aims to improve legal clarity surrounding cryptocurrencies

U.S. regulators may soon provide more information on The legality of cryptocurrency transactions. Bloomberg report Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) shared Their 2022 encryption priorities roadmap, they are mainly focused on “clearer” around the legal status of transactions.This may include from Stablecoin Cryptocurrency released on loan collateral and company balance sheets.

The three institutions also hope to study how to apply bank capital and liquidity standards to U.S. banking organizations. The roadmap is not locked-these organizations say that as the market changes, they may solve other problems.

The outline follows a wave of cryptocurrency policy “sprints”, which will help determine the focus of supervision in the coming year. The Reserve Bank, FDIC, and OCC aim to reach consensus, including determining risks and determining the usefulness of existing rules.

The roadmap may not lead to a specific strategy. There is no guarantee that this will benefit cryptocurrency holders.U.S. regulators have historically made mistakes Prudent, If cryptocurrency users have to reduce or even stop certain activities in order to maintain the correctness of the law, it will not be shocking.

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