SEC needs banks to underpin crypto with fiat currency

The United States Securities and Exchange Commission (SEC) desires banks to underpin the worth of the cryptocurrencies they want to save, or services they use clients, with fiat cash, according to Reuters. Critics state this might make it too capital-intensive for lending institutions to hold cryptocurrency tokens on behalf of customers. According to sources pointed […]
https://www.geeba.io/sec-needs-banks-to-underpin-crypto-with-fiat-currency/