From Yahoo Finance: 2025-03-24 09:48:00

The US OCC has removed restrictions on banks engaging with crypto, allowing for services like stablecoin issuance and custody solutions. This shift presents both opportunities and challenges for banks, urging them to maintain stringent compliance standards. Compliance and risk management are crucial as financial institutions venture into digital assets. The move reflects a global trend towards structured digital asset policies, with regulators adopting more supportive approaches. Elliptic emphasizes the need for robust monitoring systems and specialised compliance solutions in the crypto space. Advanced compliance capabilities and growing customer demand are driving the industry towards mainstream adoption by 2025. Financial institutions must invest in compliance frameworks, educate teams, and form strategic partnerships to navigate the evolving regulatory environment. Collaboration between banks, fintechs, and regulators will strengthen, leading to widespread adoption of digital assets. Institutions that invest in compliance and innovation now will thrive in the future. Elliptic provides vital expertise to integrate digital assets securely in financial offerings.



Read more at Yahoo Finance: How regulatory shifts are redefining the future of banking and crypto