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U.S. banking regulators to clarify banks’ crypto role in 2022 – statement

WASHINGTON, Nov 23 (Reuters) – U.S. banking regulators introduced Tuesday that they intend to clarify in 2022 what role conventional banks can legally play in the cryptocurrency market.

Regulators mentioned in a statement they plan to clarify what kind of actions banks can interact in involving cryptocurrency, together with holding it on their steadiness sheets, issuing stablecoins, and holding crypto property and facilitating crypto buying and selling on behalf of consumers, amongst different at the moment murky areas.

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Reporting by Pete Schroeder

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su

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