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CoinDesk

2023-02-13 21:53:57

Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay

Crypto's Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay

Crypto can’t become what many of its proponents want it to be without banks, but U.S. regulators are circling the wagons around the banking system they oversee. That barrier is only getting wider as the Federal Reserve and other agencies turn away crypto firms trying to link with the traditional financial system.

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