Key U.S. banking regulators have issued a joint statement confirming that federally chartered banks are permitted to provide custody services for Bitcoin and other cryptocurrencies within established regulatory frameworks. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of… Read More »US Regulators Affirm Banks Can Custody Crypto Assets Under Existing Frameworks
US federal banking agencies have granted approval for financial institutions to custody cryptocurrency assets under established regulatory frameworks. The Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) issued a joint statement permitting… Read More »US Regulators Approve Banks for Crypto Custody Under Existing Banking Frameworks
The Federal Reserve, alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), has issued a joint policy statement addressing cryptocurrency custody activities by banking organizations. This guidance aims to clarify the regulatory… Read More »Regulators Issue Joint Guidance on Bank Crypto Custody