WASHINGTON (Reuters) – U.S. banking regulators announced Tuesday that they intend to clarify in 2022 what role traditional banks can legally play in the cryptocurrency market.

Regulators said in a statement they plan to make clear what sort of activities banks can engage in involving cryptocurrency, including holding it on their balance sheets, issuing stablecoins, and holding crypto assets and facilitating crypto trading on behalf of customers, among other currently murky areas.

(Reporting by Pete Schroeder)

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