Now, with this new approach, banks may feel safer doing business with legal crypto companies, as long as there’s no financial danger. According to the Fed officials, “focus on the money risks, not the headlines.”
Quote
Sources
Fed Drops ‘Reputational Risk’ Checks, Is it Good for Crypto?
Referenced by
The Federal Reserve’s elimination of reputational risk from bank examinations is expected to encourage banks to serve crypto firms previously hindered by reputational concerns
Crypto news
Claim
News event