The Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency issued a joint statement highlighting risk-management considerations for banks that hold crypto-assets on behalf of customers through crypto-asset safekeeping services. The statement focuses on existing risk-management principles that apply to crypto-asset safekeeping and reminds banks that offer or are considering offering these services that they must do so in a safe and sound manner and in compliance with applicable laws and regulations. It also notes that the statement does not create new supervisory expectations and that the agencies continue to explore ways to provide additional clarity on banks’ engagement in crypto-asset-related activities.
Federal Deposit Insurance Corporation 2025-07-14
Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency issue joint statement on risk-management considerations for crypto-asset safekeeping
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency issued a joint statement on risk-management considerations for banks offering crypto-asset safekeeping services. It emphasizes adherence to existing risk-management principles and compliance with applicable laws, without introducing new supervisory expectations. The agencies are exploring further clarity on banks' involvement in crypto-asset activities.