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ARTICLE · 20 AUGUST 2025

Federal Banking Regulators Issue Statement On Banks' Crypto-asset Activities

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Federal banking regulators have issued a joint statement in an effort to provide clarity on banks' engagement in crypto-asset related activities.

United StatesFinance and Banking
John D. Socknat
John D. Socknat
Ronald K. Vaske
Ronald K. Vaske
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Federal banking regulators have issued a joint statement in an effort to provide clarity on banks' engagement in crypto-asset related activities.

The statement does not create any new supervisory requirements but warns financial institutions that they must be particularly diligent in dealing with crypto-asset safekeeping.

“Given the virtual nature of crypto-assets, and the potentially increased operational risks associated with crypto-asset safekeeping, a banking organization's cybersecurity environment should be a key focus of risk management,” the agencies said.

The statement continues, “Crypto-asset safekeeping may involve elevated levels of compliance and legal risks due to the evolving regulatory landscape.”

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