#USCryptoWeek 😱🔥 Explosive Fed Announcement: Crypto Approval for Banks Officially Approved!🇺🇸🤯
"Crypto Week" has begun with great momentum, and the first bombshell came from the financial tracking giants of the U.S. Following the U.S. House of Representatives' declaration of "Crypto Week" for the week of July 14 to 18, the #US Federal Reserve (#Fed), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a historic joint statement on cryptocurrencies, which directly affects banks. According to the statement, banks can now offer cryptocurrency custody services, but they must comply with strict regulations.
🧾 Summary of the Statement: Banks Have Authority, But Not Unlimited
The statements were clearly established:
📌 No new regulations have been established.
📌 Banks can provide cryptocurrency custody services subject to compliance with existing legal regulations and risk management principles.
📌 In particular, the security of cryptocurrency keys, protection against cyber threats, and the integrity of customer assets will be the main responsibilities of banks.
🔐 Cryptographic Keys and Responsibility
Banks are required to maintain the highest level of use of private keys when storing digital assets.
⚠️ They will be held directly responsible in the event of key loss, unauthorized access, or cyberattacks.
