WASHINGTON—Bitcoin currently does not pose a threat to the stability of the U.S. banking system, because lenders have mostly steered clear of taking positions in the virtual currency, a top U.S. banking regulator said.
Speaking during his first formal press briefing since being sworn in to lead the Office of the Comptroller of the Currency, Joseph Otting told reporters the regulator had recently conducted an informal poll of banks to gauge their exposure to Bitcoin, Reuters reported.
"Maybe they have traces of it in some investment, but mostly the banks have stayed away from the currency...It doesn't seem to have come into the banking system," Otting said,