Federal Regulators Try to Give Clarity to Banks Engaged in Crypto Services With Joint Statement
MT Newswires
Jul 15, 2025 02:00:19
The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the Federal Reserve Board issued a joint statement Monday aimed at providing clarity to banks engaged in crypto-asset-related activities.
The statement outlined potential risk-management considerations for banks holding crypto-assets for their customers, and "reminds banks that provide or are considering providing safekeeping of such assets that they must do so in a safe and sound manner and in compliance with applicable laws and regulations," the agencies said.
The joint statement does not create any new supervisory expectations, the agencies said.
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