A new directive from the US banking regulator permits national banks to hold cryptocurrencies in order to pay the network fees required to process transactions on the blockchain. This marks a significant shift, as these assets may now be recorded directly on bank balance sheets to support certain digital asset-related services, rather than for speculative purposes.
Expected regulatory clarification
The update clarifies that banks may hold a reasonable amount of native tokens, such as those used to pay gas fees. These assets are intended exclusively to cover technical costs generated by authorised crypto activities. They may also be held for the purpose of testing digital infrastructure within a strictly regulated framework.
A secure and controlled environment
To ensure the safe and sound use of cryptocurrencies, banks must implement enhanced internal controls, appropriate risk management procedures, and ongoing supervision. The aim is to prevent excesses and ensure that holdings remain limited to actual operational requirements.
One step closer to integrating cryptocurrencies into traditional finance
By enabling banks to manage network fees directly, the regulator is encouraging their participation in blockchain-based systems. This measure strengthens their operational autonomy, reduces dependence on third-party providers, and supports the gradual adoption of decentralised technologies within the financial sector.
