Speaking at the Transatlantic Finance Forum on "The Future of Crypto Assets and Regulation," Hsu pointed to a number of arenas - cryptocurrency exchanges, non-fungible tokens (NFTs) and the metaverse - where anyone with an Internet connection can be reversed by adding:
“The mainstreaming of cryptocurrencies has occurred despite regulatory and legal uncertainty, and a series of scams, hacks, and other disturbing developments. For financial regulators like myself.
According to Hsu, the U.S. Office of the Comptroller of the Currency (OCC) reminded banks that they must prove their ability before obtaining federal permission to engage in activities involving cryptocurrencies.
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