Three U.S. financial agencies have conducted a series of “policy sprints” around cryptocurrency assets and related regulatory gaps for banks. Agencies plan to amend existing guidance and regulations to address security and market risks. The agencies reviewed the “legal permissibility” of cryptoasset activities conducted by banks, and the applicability of existing regulations and guidance. A resulting “roadmap” for 2022 focuses on applying existing laws and regulations as the market evolves. Experts say compliance programs will need to switch to AI, automated analytics, and human intervention at the higher levels of risk mitigation.”]
Source: https://www.cuinfosecurity.com/financial-agencies-eye-existing-laws-for-crypto-regulation-a-17989