Bitcoin jumps, says the head of the Federal Reserve Powell Powell that banks are “fully capable” to serve encryption customers – DL News
- The Federal Reserve Chairman said banks are fully able to encrypt.
- Powell highlighted that banking activities should be “safe and sound.”
- It alluded to controversy around Depangge.
Federal Reserve Chairman Jerome Powell opened the door for banks to start the encryption industry – as long as it properly reduces risk.
“The banks are fully able to serve the encryption customers as long as they can understand and serve the risk,” Powell He said At a press conference on Wednesday after the Federal Open Market Committee meeting.
Powell stressed that if the banks want to work within the jurisdiction of the Federal Reserve, the customers must be “completely sure” that their activities are “safe and sound.”
The words of the Federal Reserve Speaker determined a rapid shift in feelings from US policy makers compared to the management of Joe Biden.
Bitcoin increased by 4 % to $ 104,300 after Powell’s comments.
Dymbanting controversy
Powell also alluded to a Controversy He had encryption in the intersection: “Debanking”.
He said: “Certainly, we do not want to take measures that will make banks completely end legal customers just because of the excessive risk.”
This comes weeks after the criticism of the investment capital giant Mark Anderson banks to deny encryption customers to access financial services.
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Was Debanking or Derisking? the The discussion is heading To Capitol Hill this year.
Pedro Solimano, market correspondent is based in Buenos Aires. Do you have advice? Send it by email in psolimano@dlNews.com.
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2025-01-30 01:04:00
