Cryptocurrency Q&A
Is custody of crypto-assets a permissible banking product?
Is custody of crypto-assets a permissible banking product?
Silvia
Mon Nov 18 2024
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7 answers
1773
I'm exploring the legality of crypto-assets custody within the banking sector. Specifically, I want to know if offering custody services for crypto-assets is considered a permissible banking product.
7 answers
IncheonBeauty
Wed Nov 20 2024
These statements affirm that custody of a client's digital assets is a permissible banking product in the United States.
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AzurePulseStar
Wed Nov 20 2024
This development indicates a growing acceptance of digital assets within the traditional banking sector.
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Chloe_thompson_artist
Wed Nov 20 2024
Crypto-assets are recognized to serve various functions, which is a significant aspect of their regulatory treatment.
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CherryBlossomGrace
Wed Nov 20 2024
Different functions of crypto-assets can lead to distinct risk profiles that banks must consider.
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Chiara
Wed Nov 20 2024
The OCC and several US State Regulators have issued statements on the banking industry's role in digital asset custody.
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