Federal Reserve Chair discusses banks offering services in digital currencies sector
Jerome Powell, the head of the Federal Reserve of the United States, stated significantly that banks are fully capable of offering services to customers in the digital currencies sector. This positive stance by the top official of the central bank comes at a time when many traditional banks were cautious in providing services to businesses in the digital currencies sector. Powell’s remarks could indicate a shift in regulatory institutions’ approach towards the digital currency industry, paving the way for increased collaboration between traditional banks and companies active in the crypto sector.
