US Regulator Warns Virtual Currency Enables Cyberattacks on Banks
The federal agency that oversees national banks in the US has named virtual currencies as an operational risk.
The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.
Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.
Brooks said the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done.
The crypto industry has its first federally chartered bank: Anchorage.
Brian Brooks, a former Coinbase lawyer and the No. 2 at a U.S. banking regulator, may soon take the top job – at least, temporarily.