US Banking Regulators Provide Guidance on Cryptocurrency Custody, No New Regulations Introduced
On Monday, the Federal Reserve and other US banking agencies issued a statement outlining the proper handling and storage of cryptocurrency assets by banks. The statement, released by the Fed, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, clarifies that this guidance does not mark a shift in policy. Instead, it aims to provide clarity on the existin…