The important carrier poles of the US economy today have published a joint announcement about crypto currencies. Bitcoin 
$121,394.05 This announcement is much more meaningful because all time is at the record level. Biden during the Biden Crypto coins We can say that public institutions that take a negative approach show much more moderate and even positive discrimination in the new period. What is the nature of the crypto money statement?
Crypto Money Description
Currency Supervision Office (OCC), Federal Deposit Insurance Institution (FDIC) and Federal Reserve (Fed) made an announcement about the current risk management of banks. Similar to other assets, crypto money storing services may be possible. What is the difference from the previous period? In the previous period, the same institutions published a joint statement and called the banks from the minval of the minval. So there is a 180 degree return.
The storage service is the situation of an asset in the hands of banks on behalf of customers. Institutions say that banks that provide crypto asset storage services can provide other types of proxy services. Banking institutions can provide crypto asset storage services in a non -Fidyuci or non -Fidyucus.
Fidyucist banks should comply with federal regulations, state laws and other valid provisions such as legal documents that constitute the fidyucist relationship. As he manages other assets, a bank (as a trustees or investment consultant) providing fidyuci capacity storage service Crypto Coins Asset management service can also provide.
You can provide crypto money service
Banks crypto currency Storage can provide management services. But as in the world crypto- In their operations, the necessity of having experienced, experienced, experienced ”personnel is reminded in the last statement. Banks are told to be active in issues such as dynamic risk management.
Michael Saylor just shared this good news and wrote;
“OCC, FED and FDIC confirmed that banks can provide storage and storage services of crypto assets such as Bitcoin within the scope of current risk management expectations.”
The Federal Deposit Insurance Authority, the Federal Reserve Board, the currency controller office shared the text of the explanation text in the announcement of the following statements;
“Federal Bank regulatory institutions issued a joint statement today within the scope of their efforts to clarify the activities of banks related to crypto assets.
In a joint statement, the existing risk management principles, which are valid for the storage of crypto assets, are discussed and it is reminded that banks who are considering or considering the storage of such assets should be safely and solidly and in accordance with valid laws and regulations.
The explanation does not create any new audit expectations. Institutions continue to look for ways to provide more clarity about the activities of banks related to crypto assets. ”
In summary, banks thanks to Trump CRIPTO SERVICES free for.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
