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US Fed releases policy statement that both uninsured, insured banks subject to same limits, including on crypto activities

( January 27, 2023, 19:23 GMT | Official Statement) -- MLex Summary: The US Federal Reserve issued a policy statement to clarify that both uninsured and insured banks will be subject to the same limitations on activities, including those that are cryptocurrency-related. The central bank has received a number of inquiries from firms about possible participation in crypto-related activities. The Fed statement said banks should have risk-management processes, internal controls and information systems that are "appropriate and adequate" for the firms' activities.  Document follows:...

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