Fed’s Barr says crypto needs ‘guardrails’ to realize benefits

WASHINGTON, March 9 (Reuters) – The top regulatory official for the U.S. Federal Reserve said cryptocurrency technology still could have “potential transformative” effects on the financial system, but needs “guardrails” to realize them. Fed Vice Chair for Supervision Michael Barr said recent turmoil in crypto markets make clear the sector could still pose a risk […]

from Daily Times https://ift.tt/tFiWDqp