US Federal Reserve (FED) member Christopher Waller stated that Bitcoin (BTC) and crypto money investors should not be surprised in case of a possible “reset” in the future.
FED board member Christopher Waller in California Global Interdependence Center In his statement at the event, he made remarkable statements about Bitcoin and cryptocurrencies.
As long as they don’t threaten the US banking system Stating that some parts of the crypto universe should be encouraged to develop, Waller said, if one day the cryptocurrencies will be reset He said no one should be surprised.
If you buy crypto assets and the price hits zero at some point, please don’t be surprised and don’t expect taxpayers to socialize your losses.
developments in the crypto industry still in its infancy Waller reminded that such developments are important in other sectors. has the potential to lead to productivity gains stressed that. However, since the cryptocurrency industry has become intertwined with the traditional banking industry without regulations, anxiety He said he heard.
While I support prudent innovation in the financial system, I am also concerned about the prevalence of banking activities, regulatory uncertainties, and misleading financial disclosures that increase the risk of fraud and fraud.
On the other hand, the customers of a bank that wants to connect with the crypto sector. business models, risk management systems And corporate governance structures The manager, who stated that he should be very clear about the in the event of a possible crypto crash He stated that it will be removed as a precautionary measure.