US regulators gave fresh guidelines for how banks can offer crypto custody services and not run afoul of rules. Banks that contemplate providing safekeeping for crypto-assets should consider the evolving nature of the crypto market, including the technology underlying the cryptoassets, regulators said. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency said firms must also implement a risk-governance framework that appropriately adapts to relevant risks. The statement outlined key risk areas and warnings for banks to consider: Potential risks prior to offering crypto safekeeping; Being held liable for customers’ losses in cases of possible compromise or loss of cryptographic keys or other sensitive information; Crypto safekeeping relationships are subject to applicable Bank Secrecy Act/Anti-Money Laundering laws; Risks from contracting with a third-party; Appropriate audit coverage — especially assessing management and staff expertise.