The US regulators will prepare guidance on cryptocurrencies during 2022
The interagency group included representatives from the OCC, FDIC, and FRS
24.11.2021 - 11:05
446
1 min
0
What’s new? A group of US banking regulators plans to prepare a document in 2022 to regulate banks' interactions with digital assets. The supervisors will define their areas of responsibility, as well as clarify what types of activities can be considered legitimate.
Who is involved in creating the guidance? The group plans to create clarifications on legally permissible cryptocurrency-related activities for banks. It includes the Office of the Comptroller of the Currency (OCC), the Federal Reserve System (FRS), and the Federal Deposit Insurance Corporation (FDIC).
The interagency group will focus on creating a common terminology for digital assets, identifying possible risks to consumers, and assessing how regulations currently apply to digital assets.
What are the prospects? In 2022, the group plans to provide clarity on whether holding, buying/selling, lending, issuing stablecoins, and owning crypto assets are legally permissible for regulated institutions. It will also highlight how banks should comply with laws.
“The agencies also will evaluate the application of bank capital and liquidity standards to crypto assets for activities involving US banking organizations and will continue to engage with the Basel Committee on Banking Supervision on its consultative process in this area,” the document says.
Useful material?
Telegram 
Twitter Incidents
Crypto mixer smart contracts do not have an administrator key, so no one can control them, and they are not considered proprietary
Nov 27, 2024
Market
According to the politician, this will combat widespread corruption by ensuring transparency and accountability of budgetary funds
Nov 26, 2024
Market
Justin Sun invested $30 million in the project
Nov 26, 2024
Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Cryptocurrency rates
-
Bitcoin
$93 531
BTC
+0.7%
-
Ethereum
$3 420.87
ETH
+2.59%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.45
XRP
+7.44%
-
Dogecoin
$0.392535
DOGE
+1.82%
-
Cardano
$0.990792
ADA
+6.27%
-
Stellar XLM
$0.522715
XLM
+16.18%
-
Polkadot
$8.36
DOT
+5.65%
-
Bitcoin Cash
$500.17
BCH
+2%
-
Litecoin
$95.3
LTC
+4.65%