The clarifying of the role of banks in the cryptocurrency market in the US

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US regulators plan to provide more clarity next year about what activities banks in the cryptocurrency market will be allowed to do legally.

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The Federal Reserve, the Federal Deposit Insurance Agency, and the office of the currency regulator issued a joint statement that provides a roadmap for future action on crypto assets.

The statement said the regulators plan to provide more clarity on the types of crypto activities that will be legally allowed for banks in 2022.

In the statement, the statement stated that emerging crypto-assets present both opportunities and potential risks for banking institutions, their clients, and the public financial system.

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It has been shared that the regulatory authorities will also assess the application of banking capital and liquidity standards to crypto assets.