According to breaking news, FED Chairman Jerome Powell claimed in his testimony to the Senate that many cryptocurrency activities can also be carried out in banks.
Powell’s full statements on cryptocurrencies were as follows: “We do not want to prevent banks from providing services to legitimate customers who use cryptocurrencies. When banks engage in cryptocurrency activities on their own, it would be appropriate to make sure we understand the risks involved. Many cryptocurrency-related activities can be conducted entirely in banks.”
*This is not investment advice.
