Update of the guidelines on opening corporate accounts for blockchain companies

The SBA’s 2018 guidelines on opening corporate accounts for blockchain companies have been updated, with new terminology and content. The guidelines are intended to support member banks in their discussions with companies that have links to distributed ledger technology (DLT) and assist with risk management in their business dealings. The Crypto Valley Association (CVA) has also helped to revise the content of the guidelines and supports their implementation in practice.