U.S. Regulators Signal Possible Expansion of Bitcoin Custody Services by Banks Under Existing Compliance Frameworks
2025-07-15 20:15:13
Main Idea
U.S. regulators have affirmed that banks can provide custody services for Bitcoin and other cryptocurrencies under existing compliance frameworks, signaling a shift towards greater institutional integration of crypto services.
Key Points
1. The Federal Reserve, FDIC, and OCC jointly stated that U.S. banks can custody Bitcoin and crypto assets within existing regulatory frameworks.
2. Banks must integrate crypto services while complying with safety, soundness, and risk control standards, similar to traditional banking services.
3. Regulatory agencies, including the OCC, have progressively supported crypto services, emphasizing consistency with traditional banking regulations.
4. Leadership changes, such as the confirmation of Jonathan Gould at the OCC, reflect a focus on blockchain and crypto integration in banking.
5. The FDIC's removal of the 'reputational risk' consideration further facilitates banks' ability to offer crypto-related services.
Description
U.S. regulators have officially authorized banks to hold and custody Bitcoin and other cryptocurrencies, marking a pivotal evolution in the integration of digital assets within traditional finance. This regulatory shift
Latest News
- US Bitcoin Spot ETF Sees Massive $403.1 Million Net Inflow on July 16, Reports Farside Investors2025-07-16 04:08:09
- Cantor Fitzgerald Nears Potential Bitcoin Acquisition of 30,000 BTC from Blockstream Capital2025-07-16 03:54:11
- Bitmine’s Ethereum Holdings Surpass Coinbase as Institutional Investors with 100,000+ ETH Rise to Seven2025-07-16 03:32:27
- Bitcoin Structural Imbalance Suggests Limited Downside Risk Amid Strong Fundamentals, Analyst Says2025-07-16 03:21:21
- Bitcoin’s Historic High at $122,884 Driven by Surging Demand and Tightening Supply, Says 21Shares Strategist2025-07-16 03:21:03