1、 https:/crsreports.congress.gov December 10, 2021Bank Custody, Trust Banks, and CryptocurrencyCongress, the White House, and several financial regulators have demonstrated a recent interest in the intersection of banking regulation and cryptocurrency. This interest is underpinned by the trend of cry
2、ptocurrency firms seeking various forms of bank charters. This In Focus explains the way that banksin particular trust banks, which have been the subject of recent cryptocurrency policy discussionsinteract with cryptocurrency. Fiduciary and Custody Services Many banks offer fiduciary and custody ser
3、vices, such as managing trust agreements and safekeeping assets. Full-service commercial banks provide fiduciary services and custody services in addition to their core banking activities of deposit taking and lending. In addition, there are a number of limited-purpose banks, including trust banks,
4、which focus exclusively on a narrow set of fiduciary and custody activities. Together, these institutions hold a significant value of assets for their customers. For example, according to data collected by bank regulators, 387 deposit-taking banking institutions held $259 trillion worth of assets in