May 1, 11:30 AM

US Bank Regulators Withdraw Crypto Risk Guidance Amid UK Crypto Industry Status and Post-FTX Policy Shift

U.S. bank regulators have withdrawn previous guidance on risks associated with the cryptocurrency sector, providing lenders with greater freedom to engage in digital asset activities. This regulatory shift reflects a broader trend toward a more permissive stance on cryptocurrency within the U.S. banking system, as noted by legal experts who emphasize the need for banks to maintain robust risk control measures when handling crypto-related funds. The move aligns with international developments, including the United Kingdom designating digital assets as a "strategic industry," signaling increased regulatory normalization and encouragement for crypto projects to operate onshore in the U.S. Despite these changes, some industry leaders remain skeptical, pointing out that U.S. banks still face practical limitations in fully collaborating with crypto firms. This evolving regulatory environment marks a departure from the post-FTX restrictions and is part of a wider convergence between traditional finance and cryptocurrency markets.

#United Kingdom

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US Bank Regulators Withdraw Crypto Risk Guidance Amid UK Crypto Industry Status and Post-FTX Policy Shift

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