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Should financial services firms invest in cryptocurrency?

Indeed, financial services firms are seeing increasing demand from their customers for access to Bitcoin and other cryptocurrency-related products, and the capital markets also are confronting a broad set of crypto-related developments. As the space continues to develop, other organizations are exploring whether to get involved, and where to begin.

Should banks consult with the Federal Reserve about crypto-assets?

Regulators may second-guess permissibility determinations by banking organizations, and the August 2022 Guidance suggests that banking organizations consult with the Federal Reserve if they have questions regarding the permissibility of a crypto-asset-related activity.

Is there a middle ground for cryptocurrencies?

To date, there has been little middle ground. However, this is quickly changing. Indeed, financial services firms are seeing increasing demand from their customers for access to Bitcoin and other cryptocurrency-related products, and the capital markets also are confronting a broad set of crypto-related developments.

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