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US Banks Can Now Buy and Sell Customers’ Crypto Assets: OCC Clarifies
The US Office of the Comptroller of the Currency (OCC), which regulates national banks, has clarified that institutions under its oversight can now buy and sell crypto assets on behalf of their customers. This update was confirmed in an interpretive letter published yesterday (Wednesday). In addition, the OCC stated that national banks may outsource crypto-asset services to third parties, including custody and trade execution, provided those third parties maintain sound risk management practices. Banks Can Now Handle Customers’ Crypto Holdings The latest OCC letter follows a similar directive issued in March, which ... (full story)
