Relaxed regulatory oversight spurs bank-crypto activity
Newly relaxed oversight on how banks deal in cryptocurrency has already inspired some activity between the two realms.
Brian Foster, global head of wholesale at Coinbase, said his team has been “very busy meeting demand for banks, brokers and fintechs” now that federal banking regulators have walked back on the more skeptical bank-crypto guidance put forth under the Biden administration.
“Pretty much all of the large banks in the US are now doing something [to move forward with crypto] and we’re either behind the scenes with [or] live with pretty much all of them,” Foster said in an interview with Banking Dive. “Our [Request for Proposal] team is hard at work fielding all of…
