Cryptocurrency activities

As the financial services regulators refine supervisory frameworks for crypto and digital assets, financial services companies, including nonbank financial entities and third parties, should anticipate heightened inquiries and supervision in an array of activities including custody, sales, lending, distributions, and holds. New entrants and charter applicants should expect scrutiny, particularly relative to trust and fiduciary standards. Look for evolving frameworks and expectations, as well as regulatory reports and guidance, including coverage of central bank digital currencies (CDBCs).