Federal Reserve Issues New Guidelines for Banks Engaging in Crypto Activities Federal Reserve Issues New Guidelines for Banks Engaging in Crypto Activities What banks must do before launching crypto services—plus what this means for customers and markets. The Fed’s guidance centers on legal permissibility, prudential risk management, and customer protection. Key takeaways Notify & assess: Banks should notify supervisors and confirm legal authority before starting crypto activities. Controls first: Document governance, risk, and compliance frameworks—especially custody, cybersecurity, and AML/CFT. Stablecoin scrutiny: Evaluate reserve risks, redemption, settlement, and counterparties. Contents What the Guidance Covers What ...
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