WASHINGTON – The Consumer Bankers Association and the Bank Policy Institute today provided a response to the FDIC’s Request for Information on the digital activities of banks. Given that FinTechs are generally subject to little to no regulation or examination, it is clearly easier for them to innovate in the digital assets space – for example, by issuing or offering trading in cryptocurrencies and stablecoins. Still, banks remain at the forefront of technological innovation and will seek to maintain that role as the digital assets market evolves.
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