US Bank Regulators Provide Blueprint for Lenders’ Crypto Custody

US regulators gave fresh guidelines for how banks can offer crypto custody services for clients and not run afoul of their rules, the latest move from Trump-era watchdogs as they weigh how traditional lenders should 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, the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said in a Monday statement, adding that they must implement a risk-governance framework that appropriately adapts to relevant risks.