CoinVoice has recently learned that, according to an official announcement, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly issued guidance on banks providing custody services for crypto assets. The statement clarified that banks can offer custody services for crypto assets in both trust and non-trust capacities, but they must strictly manage the security risks associated with crypto keys. Regulators emphasized that banks must establish a comprehensive risk management framework, including key generation and storage security, anti-money laundering compliance, third-party risk management, and comprehensive audit procedures. This guidance applies to the custody of crypto assets under the existing regulatory framework and does not create new regulatory expectations. [Original link]