According to PANews on July 15, the Office of the Comptroller of the Currency (OCC), the Federal Reserve (Fed), and the Federal Deposit Insurance Corporation (FDIC) jointly issued a statement requiring banks to strictly comply with existing laws and regulations and strengthen risk management when providing cryptocurrency asset custody services. The statement emphasizes that banks need to conduct comprehensive risk assessment and control in areas such as cryptocurrency asset key management, third-party custody, cybersecurity, compliance, and anti-money laundering. Additionally, banks should ensure that relevant personnel have the necessary technical capabilities, improve customer agreements, and conduct regular internal and external audits to safeguard customer assets.
The statement also added that this release does not establish new regulatory requirements.
