ABA-Regulators Planning Crypto Guidance for Banks.
ENPNewswire-November 24, 2021--ABA-Regulators Planning Crypto Guidance for Banks
(C)2021 ENPublishing - http://www.enpublishing.co.uk
Release date- 23112021 - Banks can expect additional guidance from regulators over the next year clarifying the types of crypto-related activities they may be permitted to engage in, the agencies announced in a joint statement today.
As a result of a recent 'crypto sprint,' the FDIC, Federal Reserve and OCC unveiled a crypto-asset roadmap that will guide their work in 2022.
Specifically, the agencies said that they will issue guidance related to crypto-asset safekeeping and traditional custody services; ancillary custody services; facilitation of customer purchases and sales of crypto-assets; loans collateralized by crypto-assets; the issuance and distribution of stablecoins; and activities involving the holding of crypto-assets on a bank's...
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