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March 01, 2019, 11:58:41 AM
Merited by JayJuanGee (1), infofront (1)

Federal Reserve May Add Bitcoin Crash to Stress Test Scenarios

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The U.S. Federal Reserve could soon include a cryptocurrency market crash as one of the risks to take into account when conducting supervisory stress tests.

The Fed’s board of governors on Thursday announced amendments to a policy statement on the scenario design framework for stress testing, saying that “the collapse of the bitcoin market” may be considered as one of the “salient” market risks.

According to the document, the crypto amendment was recommended to the board by a commenter who proposed it should be seen as one of several “extraordinary shocks,” such as a war with North Korea and major losses caused by trader misconduct.

“Where appropriate, the Board intends to continue augmenting the scenarios with risks it considers to be salient,” it explained.

https://www.coindesk.com/federal-reserve-may-add-bitcoin-crash-to-stress-test-scenarios