Major U.S. banks can now fully embrace cryptocurrency operations after regulators removed key restrictions, marking a pivotal shift in how traditional finance intersects with digital assets. The move could reshape the investment landscape for both institutional players and retail traders.

Regulatory Barriers Fall

Federal banking regulators recently lifted guidance that had discouraged banks from offering crypto-related services. The shift allows institutions to custody digital assets, facilitate crypto transactions and develop blockchain-based products without fear of regulatory pushback.

The change reverses years of cautious positioning by agencies including the Federal Reserve and the…

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