The US Economy Embraces Crypto: A New Era Begins
2025-07-14 20:23:39
Main Idea
US regulatory agencies (OCC, FDIC, and Fed) have issued a joint statement allowing banks to provide cryptocurrency custody services, marking a significant shift in policy.
Key Points
1. The OCC, FDIC, and Fed announced that banks can now offer custody services for crypto assets like Bitcoin.
2. Banks must comply with federal regulations, state laws, and risk management requirements when providing these services.
3. Michael Saylor highlighted the agencies' reaffirmation of banks' ability to offer crypto custody services within existing frameworks.
4. The statement indicates a shift from previous cautious or restrictive stances on cryptocurrency services by US regulators.
Description
The US issued a joint cryptocurrency announcement amid Bitcoin's peak performance. Banks can now provide cryptocurrency custody services within existing risk protocols. Continue Reading: The US Economy Embraces Crypto: A New Era Begins The post The US Economy Embraces Crypto: A New Era Begins appeared first on COINTURK NEWS .
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