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US banking agencies outline crypto-asset safekeeping considerations

Image of the Federal Reserve's bronze seal.
Photo: Robert Alexander/Getty Images

The joint statement highlights potential risk-management considerations, but it does not create any new supervisory expectations.

Federal bank regulatory agencies have issued a joint statement as part of their continued efforts to provide clarity on banks’ engagement in crypto-asset-related activities.

The statement from the Federal Deposit Insurance Corporation, Federal Reserve Board and the Office of the Comptroller of the Currency describes the potential risk-management considerations related