CoinDesk
US Regulators Plan to Define Legal Bank Activities Around Crypto in 2022
A group of U.S. bank regulators plans to announce how banks can interact with digital assets and what types of activities are legal in the coming year, according to a joint statement published Tuesday. The Office of the Comptroller of the Currency (OCC), the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) summarized their policy sprint team’s work over 2021 in the statement, saying the group studied crypto custody, sale, loans and payment activities that banks and similarly regulated entities might want to take part in. The interagency sprint team focused on creating a common vocabulary around digital assets, identifying possible risks to consumers and evaluating how regulations currently apply to digital assets, the document said.
