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US regulators will issue guidance for banks dealing with cryptocurrencies in 2022
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US regulators said they plan to issue guidance next year on the role of traditional banks in cryptocurrencies to promote consumer protection and compliance.
The Federal Reserve's board of governors, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency revealed they recently conducted a series of interagency «policy sprints» focused on digital asset activities banks may be interested in, according to a joint statement Tuesday.
They include crypto custody, sales of crypto assets, loans collateralized by crypto assets, holding these on their balance sheets, and stablecoins, among others.
Thus far, the three federal agencies said they have focused on developing a
Read more on markets.businessinsider.comAbout this in other media
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