US banking regulators have issued a joint statement outlining expectations for institutions engaged in the safekeeping of digital assets.
The announcement, made by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), emphasised that the guidance reflects existing regulations rather than introducing new policy directives.
The seven-page document addresses key operational requirements for banks handling crypto custody services, particularly the importance of controlling cryptographic keys in a way that aligns with current legal and regulatory obligations. It also covers areas such as anti-money laundering compliance, audit readiness, risk management, and technical…
Jul 15 2025
