Fed, OCC, FDIC issue joint guideline for banks safekeeping crypto assets for customers
- US banking regulators released a joint statement to clarify the rules for banks planning to safekeep crypto for customers.
- The agencies asked banks to maintain the same risk procedures for crypto as they would for other products.
- The statement comes as regulators have loosened their previously strict standards toward crypto assets.
The Federal Reserve (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement on Monday aiming to guide banks seeking to offer crypto safekeeping services to customers.
Federal agencies clarify crypto safekeeping services for banks
Federal agencies Fed, OCC, and FDIC issued a statement on Monday, addressing what banks…
