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Can banks provide crypto services to customers?
While the statement does not prohibit banks from providing crypto services to customers, it says that many such services are "highly likely to be inconsistent with safe and sound banking practices."
What is crypto exchange?
Crypto.com exchange is powered by CRO, with deep liquidity, low fees and best execution prices, you can trade major cryptocurrencies like Bitcoin,Ethereum on our platform with the best experience
Does 'finder's authority' apply to crypto providers?
An existing practice known as "finder's authority" allows banks to refer customers to third-party providers for many financial services, but it's unclear if this applies to crypto providers. The new state regulations don't necessarily answer that question.