Michael J. Hsu of the Acting Comptroller of the Currency discussed on October 11 the importance of identifying and monitoring crypto risks to protect consumers and the financial system in remarks at DC Fintech Week 2022.
Due to the demise of numerous platforms such as the collapse of Terra exposed severe weaknesses in risk management practices of crypto firms. Hence, the event held is to reveal the scope of risks to consumers, the hidden interconnectedness between crypto participants, and the risk of contagion. He also comments on skeuomorphism, commingling, and data gaps to help risk identification.
Access the PDF of the full discussion with the link provided. Get to know more about TCFS & Associates' service on Security Audits, Risks Assessments & Consulting and contact if interested to ensure your company is risk-free.