Federal bank regulatory agencies have released a joint statement to clarify banks’ involvement in crypto-asset-related activities. The statement focuses on potential risk-management considerations for banks holding crypto-assets on behalf of their customers, known as crypto-asset safekeeping.
The joint statement outlines existing risk-management principles applicable to crypto-asset safekeeping. It also reminds banks that offer or are considering offering safekeeping services for such assets to ensure they operate safely and comply with relevant laws and regulations.
