US banking regulators: deposits and stable currency reserves deposited by crypto entities for the benefit of customers may fluctuate

It is reported that the United States Federal Banking Regulatory Agency issued a joint statement today, highlighting the liquidity risks of banking organizations related to certain sources of funds of entities related to encrypted assets, as well as some effective measures to manage these risks. Recent events in the field of cryptographic assets highlight the potential liquidity risk increase brought by some funding sources of entities related to cryptographic assets. The joint statement highlighted the main liquidity risks and some effective measures to monitor and properly manage these risks. The statement reminds banking institutions to apply existing risk management principles; It will not create new risk management principles. To the extent permitted by laws or regulations, banking institutions are neither prohibited nor discouraged from providing banking services to any particular category or type of customers.

Interpretation of this information:

The United States Federal Banking Regulatory Agency has issued a joint statement emphasizing the liquidity risks associated with certain sources of funds related to encrypted assets. The statement highlights the potential increase in liquidity risks brought by some funding sources of entities related to cryptographic assets, and it reminds banking institutions to apply existing risk management principles. The statement further includes some effective measures that banking institutions can take to monitor and properly manage these risks.

Recent events in the field of cryptographic assets have brought to light the need for increased vigilance to manage liquidity risks associated with certain sources of funds. In response, the Federal Banking Regulatory Agency issued a joint statement that highlights the main liquidity risks and provides some effective measures to manage these risks. The statement is not introducing new risk management principles but instead reminds banking institutions to apply existing ones to manage the growing liquidity risks.

The statement also clarifies that banking institutions are neither prohibited nor discouraged from providing banking services to any particular category or type of customers, to the extent allowed by laws or regulations. This means that, as long as it is within the limits of applicable laws and regulations, there should be no barriers to providing banking services related to cryptographic assets.

The three keywords that summarize the content are:

1. Liquidity risks: The statement highlights the liquidity risks associated with certain sources of funds related to encrypted assets, and it advises banking institutions to take effective measures to monitor and manage these risks.

2. Risk management principles: The statement reminds banking institutions to apply existing risk management principles to the issues of liquidity risks and provides some effective measures to manage these risks.

3. Banking services: The statement clarifies that banking institutions are neither prohibited nor discouraged from providing banking services to any particular category or type of customers, as long as it is within the limits of applicable laws and regulations.