Binance News
--
Fitch Ratings warns that U.S. banks face negative rating adjustments due to exposure to cryptocurrency assets
According to Foresight News, international rating agency Fitch Ratings warned that U.S. banks with high exposure to cryptocurrency assets may face negative rating adjustments in the future. While digital asset businesses can bring in new revenue, they also carry risks related to reputation, liquidity, operations, and compliance. The report points out that U.S. regulation is gradually becoming clearer, but systemic risks are still difficult to avoid. If the scale of stablecoins continues to expand, it may even affect the U.S. Treasury market. Currently, institutions such as JPMorgan, BofA, Citigroup, and Wells Fargo are all involved in cryptocurrency business.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
