$BTC Source: Chainalysis; Compiled by: Wuzhu, Jinse Finance

Abstract

U.S. banking regulators (Federal Deposit Insurance Corporation (FDIC), Federal Reserve, Office of the Comptroller of the Currency (OCC)) have rescinded their previous restrictive statements on crypto assets, granting banks more freedom to engage in the digital asset space without prior approval.

If banks can maintain appropriate risk management measures, they can now more easily provide crypto services and offer banking services to crypto enterprises.

Although U.S. regulations are loosening, many regions have also taken a more supportive approach.