Powell: Banks Capable of Serving Crypto Customers If Risks Are Managed

Quick Summary:

Federal Reserve Chairman Jerome Powell stated that banks can serve cryptocurrency customers as long as they effectively manage associated risks.

Competitive Landscape – Fintech companies and crypto-native firms are leading crypto banking services, forcing traditional banks to adapt.

Stronger Compliance Frameworks – Banks will be required to adhere to stricter standards, ensuring secure crypto services.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: Crypto News Crypto Powell banks serving crypto customers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 12:23:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25630392

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 4 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 16 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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