U.S. Regulators Set Clear Rules for Banks Holding Crypto

U.S. Regulators Set Clear Rules for Banks Holding Crypto

U.S. banking authorities have published new rules that let banks offer custody services for cryptocurrencies if they follow tough safety and audit measures. The Federal Reserve, FDIC, and OCC now expect banks to treat crypto custody like they do any other financial service, but with extra care given crypto’s unique risks. Banks must build strong […]

Why Cold Storage Matters for Institutional Crypto Products

As the crypto market matures, more institutions want safe ways to gain exposure to digital assets. They demand robust solutions that protect holdings from hacks, fraud, and operational errors. Cold storage has emerged as a critical element of this trust. When institutions invest through crypto ETPs, ETFs, or other structured products, cold storage plays a vital role in ensuring security and building confidence. Understanding why cold storage mat…

Federal Regulators Outline Crypto Custody Rules for Banks

Banks must implement strong cybersecurity and comply with laws when holding crypto assets. Crypto custody services require full control of keys and continuous risk assessments. Banks are liable for third-party custodians and must perform strict due diligence checks. U.S. federal banking regulators issued a joint statement today highlighting the legal and operational obligations for banks offering crypto-asset custody services. The Federal Reserv…

Banks Face Tough Duties if They Hold Crypto

On July 14, three US federal agencies released a joint document warning banks about the risks of holding cryptocurrency for their customers.