To that end, it has issued a number of “interpretive letters” in order to help banks understand how emerging fintech works. “The agency is trying to counter the perception held by some traditional banks that transactions involving cryptocurrencies present heightened risks that require lengthy and expensive due-diligence checks,” according to the article. A recent survey of financial professionals shows criminal activity as a top concern regarding cryptocurrency.
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Guidance Will Help Banks Ease Into Crypto: Comptroller of the Currency
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