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Custody_Status_For_FIs
Assess whether regulated Financial Institutions (FIs), such as banks or trust companies, are legally permitted to offer cryptocurrency custody services to their clients.
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Possible Values
Status values that can be assigned to this topic
| Value | Definition | Order |
|---|---|---|
| Allowed | Regulated Financial Institutions are explicitly permitted or not prohibited from offering cryptocurrency custody services, potentially subject to meeting certain regulatory requirements or capital standards. | 0 |
| Restricted | Regulated Financial Institutions face significant limitations or specific conditions if they wish to offer crypto custody. This might include needing special licenses, restrictions on the types of crypto assets they can custody, or limitations on the scale of such services. | 1 |
| Prohibited | Regulated Financial Institutions are explicitly forbidden by law or regulation from offering cryptocurrency custody services. | 2 |
| Unclear | The legal or regulatory stance on whether regulated Financial Institutions can offer crypto custody is ambiguous, lacks official guidance, has conflicting rules, or is not formally addressed. | 3 |
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