The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have issued a joint statement on the liquidity risks presented by certain sources of funding from crypto-asset
-related entities, and some effective practices to manage such risks.
Recent events in the crypto-asset sector have underscored the potential heightened liquidity risks presented by certain sources of funding from crypto-asset-related entities. The joint statement highlights key liquidity risks and some effective practices to monitor and appropriately manage those risks. The statement reminds banking organizations to apply existing risk management principles; it does not create new risk management principles.
Banking organizations are neither prohibited nor discouraged from providing banking services to customers of any specific class or type, as permitted by law or regulation.
This statement highlights key liquidity risks associated with crypto-assets and crypto-asset sector participants that banking organizations should be aware of.
Full statement can be read here
Source: Federal Reserve
