Federal bank regulatory agencies have released a joint statement addressing risk-management considerations for banks involved in crypto-asset safekeeping. The statement is part of ongoing efforts to clarify the engagement of banks in activities related to crypto-assets.
The joint statement outlines existing risk-management principles applicable to the safekeeping of crypto-assets. It reminds banks providing or considering such services that they must operate safely, soundly, and in compliance with relevant laws and regulations.
The statement does not introduce new supervisory expectations. The agencies are exploring ways to offer further clarity on banks’ involvement in crypto-asset-related activities.
