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US Banks Release Joint Statement on Banking Services to Safekeep Crypto Like Bitcoin — Best Wallet’s Non-Custodial Wallet Offers Highly Secure Alternative

US banking regulators released a joint statement yesterday allowing banking organizations to provide safekeeping services for crypto like Bitcoin.

A key point in the statement covers the management of crypto keys, including the generation of these keys and taking the necessary precautions when they are lost or compromised.

Keys are an integral part of crypto ownership and security, and questions about custody are increasingly important, especially as more people worldwide expand into digital assets.

This is why self-custody crypto wallets, like the one behind Best Wallet Token ($BEST), allow users direct ownership and management of their keys, delivering a generally more secure environment than custodial services.

US Banks Release Joint Statement on Banking Services to Safekeep Crypto Like Bitcoin — Best Wallet’s Non-Custodial Wallet Offers Highly Secure Alternative

US banking regulators released a joint statement yesterday allowing banking organizations to provide safekeeping services for crypto like Bitcoin.

A key point in the statement covers the management of crypto keys, including the generation of these keys and taking the necessary precautions when they are lost or compromised.

Keys are an integral part of crypto ownership and security, and questions about custody are increasingly important, especially as more people worldwide expand into digital assets.

This is why self-custody crypto wallets, like the one behind Best Wallet Token ($BEST), allow users direct ownership and management of their keys, delivering a generally more secure environment than custodial services.

https://bitcoinist.com/us-banks-bitcoin-custody-best-wallet-self-custody-alternative/