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.
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