The Federal Reserve and other U.S. banking agencies issued another statement on the proper handling of crypto assets on Monday, outlining the appropriate policies that need to be followed for banks engaging in the “safekeeping” of customers’ digital assets.
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The statement sent out from the Fed, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency made clear that these latest considerations do not represent a new policy push.
The trio of agencies set out to clarify that properly keeping such assets involves “controlling the cryptographic keys associated with the crypto-asset in a manner that complies with applicable laws and regulations.”
Apart from cryptographic key management,
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