Following OCC Letter, Some US Banks Appear Open to Providing Crypto Services

[MRM]

Major U.S. banks might be willing to support cryptocurrency services – with just a bit of additional guidance from the Office of the Comptroller of the Currency (OCC), their federal regulator.

Multiple national banks responded to the OCC’s June “Advance Notice of Proposed Rulemaking” (ANPR), which asked the general public to weigh in before Aug. 3. on how cryptocurrencies and other fintech tools might be used in the financial sector. Notably, several banks, including U.S. Bank and PNC, indicated they might be interested in actually providing crypto custody and other services to customers.
Source: https://www.coindesk.com/following-occ-letter-some-us-banks-appear-open-to-providing-crypto-services

[Delgado]

Of course, it is foolish for banks to ignore the emergence of cryptocurrency and not participate in the provision of various financial services in cryptocurrency. Banks have always provided primarily currency exchange services. Therefore, without the slightest risk, they can provide services for exchanging ordinary currency into cryptocurrency.