U.S. Regulators Give Banks the Green Light for Digital Asset Activities
TL;DR
- U.S. banking regulators (FDIC, Federal Reserve, OCC) have withdrawn previous restrictive statements on crypto assets, giving banks more freedom to engage with digital assets without prior approval.
- Banks can now more easily offer crypto services and provide banking to crypto businesses if they maintain proper risk management practices.
- While U.S. regulations are easing and many regions have adopted more supportive positions, institutions with a global presence must still navigate Basel Committee standards.
- Questions remain about whether U.S. banks can hold crypto assets on balance sheets or engage in crypto lending activities, with further clarity expected.
Federal banking regulators in the United States have withdrawn…
