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Severe warning from regulators around the world to the crypto ecosystem

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US banking regulators have issued a stern warning to banks to be cautious about cryptocurrencies in early 2023.

On January 3, the US federal banking regulators released a joint statement on the risks of crypto assets for banking organizations. The statement, written by the Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), warns banks to ensure that…

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