NftMetaversePainter
vip

Recently, major financial regulatory agencies in the United States issued an important guideline that paves the way for the banking industry to provide crypto assets accomplice services. This move is seen as a significant recognition of the value of crypto assets.



According to the guidelines jointly issued by the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC), banks are allowed to provide customers with Crypto Assets custody services, but must strictly comply with existing laws and regulations. This means that holding mainstream Crypto Assets like Bitcoin can be somewhat comparable to holding traditional assets like gold.

However, not all Crypto Assets will receive the same treatment. Industry insiders expect that banks will establish their own risk control systems, prioritizing Bitcoin, Ethereum and other Crypto Assets with larger market capitalizations and better liquidity. Those altcoins or meme coins that lack practical application value may struggle to gain recognition from banks.

It is worth noting that the guidelines require banks to have complete control over the keys of Crypto Assets, which also means that banks will bear full responsibility. This regulation is aimed at protecting customer interests while also presenting greater challenges for banks.

For ordinary investors, experts recommend being cautious in selecting investment targets, prioritizing those Crypto Assets that have certainty and long-term value. In this rapidly evolving field, maintaining a rational and prudent attitude is crucial.

The introduction of this policy marks an important step towards the integration of the traditional financial system and the world of Crypto Assets. It not only provides institutional support for the mainstream adoption of Crypto Assets but also opens up new possibilities for future financial innovations.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Share
Comment
0/400
SchrodingerWalletvip
· 9h ago
Someone is catching a falling knife again!
View OriginalReply0
BoredStakervip
· 9h ago
Finally, it's the banks' turn to get on board? Bullish on BTC
View OriginalReply0
WhaleStalkervip
· 9h ago
The bull run is coming!!!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)