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Further Discussions => Banks & Cryptos => Topic started by: Riya143 on July 24, 2020, 08:50:05 PM

Title: Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder
Post by: Riya143 on July 24, 2020, 08:50:05 PM

The Office of the Comptroller of the Currency (OCC), a federal banking regulator in the U.S., is rapidly expanding crypto awareness on Capitol Hill.

The OCC published an interpretive letter Wednesday announcing that in its view, nationally chartered banks are able to provide custody services for cryptocurrencies, a move that the industry widely praised as one that could help mainstream adoption of crypto, even though it’s unclear as to whether banks will immediately act  on the regulatory clarification.
Read More: https://www.coindesk.com/banks-wont-rush-to-hold-crypto-but-occs-regulatory-approval-makes-it-harder-to-ignore