Fed, FDIC, OCC Clarify How Banks Can Handle Your Crypto

Description

TL;DR Federal regulators say banks can offer crypto custody, but only with strong risk controls in place. Reputational risk is no longer a factor, opening doors for crypto-bank partnerships. OCC, FDIC, and Fed push for secure handling of keys, data, and evolving crypto risk frameworks. Agencies Explain Rules for Crypto Custody On Monday, the Federal Reserve, FDIC, and OCC issued a joint statement explaining how banks should apply existing rules when holding crypto for customers. The statement do...