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U.S. Federal Bank Regulators Confirm Banks Can Legally Operate Crypto-Related Businesses

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U.S. federal bank regulators have confirmed that banks can legally buy, sell, and hold cryptocurrencies. The move aligns with efforts to improve liquidity and crypto markets oversight. Regulators also emphasized the need for strict compliance with Countering the Financing of Terrorism rules. Banks must ensure proper safeguards are in place before entering the crypto space.
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