US Regulators Warn Banks About Crypto Liquidity Risks; IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender

Feb 23, 2023

The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers. Separately, the International Monetary Fund’s (IMF) Executive Board said in a statement that cryptocurrency should, in general, not be granted legal tender status.

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