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flag US regulators advise banks on safely managing crypto-assets, stressing existing risk principles.

flag US banking regulators have issued a joint statement addressing how banks can safely manage crypto-assets, emphasizing the use of existing risk-management principles. flag The statement does not introduce new rules but stresses the importance of strong cybersecurity, operational expertise, and legal compliance when handling cryptocurrencies. flag Banks are reminded to assess risks thoroughly, including the risk of key loss and cyberattacks, before offering crypto services.

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