Joint Statement from the Federal Reserve, FDIC, and OCC:
🟩 American banks can now officially offer cryptocurrency custody services without the need for prior approval.
🟢 The only requirements are:
• Implementing strict risk management.
• Protecting assets from hacking.
• Adhering to transparency and anti-money laundering laws.
🟩 This statement lifts previous restrictions and opens the door for broader adoption of cryptocurrency within the U.S. banking system.
🟢 This is considered a direct support from regulatory bodies and a positive signal for investors and the market.
