PANews reported on February 23 that according to the Federal Reserve’s official website, federal banking regulators issued a joint statement today, highlighting the liquidity risks of banking organizations related to certain sources of funds for crypto-asset-related entities, as well as some effective practices for managing these risks.

Recent events in the cryptoasset space have highlighted the potential for increased liquidity risks posed by certain funding sources for cryptoasset-related entities. The joint statement highlights key liquidity risks and some effective practices for monitoring and appropriately managing these risks. The statement reminds banking institutions to apply existing risk management principles; it does not create new risk management principles.

Banking institutions are neither prohibited nor discouraged from providing banking services to any particular class or type of customer, as permitted by law or regulation.