Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Riya143 on July 25, 2020, 12:24:00 PM
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While many in the Cryptoverse celebrate a decision by the US Office of the Comptroller of the Currency to allow all federally chartered banks in the US to provide cryptoasset custody services to their customers, it also brings an "existential" risk to Bitcoin (BTC).
The OCC published a letter stating that all national and state banks and federal savings associations can hold their clients' digital assets. It also acknowledged BTC as "the first widely-adopted cryptocurrency."
Read More: https://cryptonews.com/news/us-banks-offering-crypto-custody-is-insanely-bullish-and-ris-7205.htm