US Regulators Provide Blueprint for Lenders’ Crypto Custody (1)

US regulators gave fresh guidelines for how banks can offer crypto custody services and not run afoul of rules, the latest move from Trump-era watchdogs as they weigh how traditional lenders can engage with digital assets.

Banks that contemplate providing safekeeping for crypto-assets should consider the evolving nature of the crypto market, including the technology underlying the cryptoassets, regulators said in a Monday statement.

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currencysaid firms must also implement a risk-governance framework that appropriately adapts to relevant risks.

Regulators in April withdrew ...