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US Regulators Finally Let Banks Hold Crypto

US Regulators Finally Let Banks Hold Crypto After Years on the Sidelines
U.S. regulators have released long-awaited guidance on crypto custody for banks. The Trump administration has cleared the path for regulated financial institutions to hold crypto.
US regulators releases final rules for banks on how to offer crypto custody
The Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency have officially laid out new instructions for how banks can handle crypto custody services without breaking any regulatory boundaries.
US Regulators Issue Joint Guidance on Crypto Custody for Banking Institutions
Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) released statement.
US Regulators Allow Banks Custody Over Bitcoin And Crypto
The Federal Reserve, OCC, and FDIC warn banks that safekeeping bitcoin and other crypto-assets demands strong cybersecurity, operational expertise, and full legal compliance.
US Bank Regulators Provide Blueprint for Lenders’ Crypto Custody
US regulators gave fresh guidelines for how banks can offer crypto custody services for clients and not run afoul of their rules, the latest move from Trump-era watchdogs as they weigh how traditional lenders should engage with digital assets.
U.S. regulators issue guidelines for banks safekeeping crypto
The Federal Reserve Board, Federal Deposit Insurance Corp. ("FDIC") and the Office of the Comptroller of the Currency ("OCC") issued on Monday a joint statement that outlines considerations for banks that provide custody of crypto assets for their customers,
U.S. Banking Regulators Issue Crypto 'Safekeeping' Statement, Not Pushing New Policy
The federal agencies that oversee the U.S. banking system put out some guidance on properly keeping customers' crypto assets.
Crypto News2d
Banks Engaging in Crypto ‘Safekeeping’ Must Strengthen Risk Controls: US Fed Agencies
Three US Fed agencies - Federal Reserve, FDIC and OCC discussed how existing regulations and risk-management apply to crypto ...
Fox Business2y
US regulators warn banks of heightened liquidity risks in crypto ...
US regulators warn banks of ... Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. said in a joint statement Thursday that banks should apply effective risk ...
Reuters2y
U.S. regulators issue final guidelines to banks for third-party risk ...
Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with third-parties like fintechs and cloud-computing firms, according to a ...
International Business Times12mon
US Regulator Finds Weak Risk Management At 11 Banks
About one-third of the banks secured ratings of 3 or below on a 5-point scale for their overall management of risk, according to sources Reuters A key U.S. regulator has privately found that ...
JD Supra3y
Federal Banking Regulators Shine Light Again on Third-Party Risk Management
Federal banking regulators have again demonstrated their focus on bank oversight and management of risk from third party relationships through a series of guidance and proposed guidance ...
Reuters2y
US regulator cites 'terrible' risk management for Silicon Valley Bank ...
US regulator cites 'terrible' risk management for Silicon Valley Bank failure By Pete Schroeder and Hannah Lang March 28, 2023 10:38 PM UTC Updated March 28, 2023 ...
Bloomberg L.P.12mon
Secret Bank Ratings Show US Regulator’s Concern on Handling Risk
In the confidential assessments, the Office of the Comptroller of the Currency said 11 of the 22 large banks it supervises have “insufficient” or “weak” management of so-called operational ...
JD Supra3y
US Regulators Raise Expectations of Third-Party Risk Management
The recent publication of the Interagency Guidance on the risk management of third parties is a welcome recognition that the way banks of all sizes make extensive use of third-party relationships ...