US regulators warn banks over crypto risks

By Agence France-Presse

Jan 05, 2023 12:08 am

WASHINGTON, D.C.: Bank regulators in the United States warned on Tuesday that crypto assets and exposure presented risks to lenders, and urged organizations to ensure that they manage the dangers.

The warning comes after the sudden collapse of cryptocurrency platform FTX — worth $32 billion before it filed for bankruptcy in November — which sent chills across the sector.

Former FTX chief executive officer Sam Bankman-Fried leaves federal court in Manhattan, New York on Tuesday, Jan. 3, 2023. AFP PHOTO

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