In a major policy shift, the Office of the Comptroller of the Currency (OCC) has officially confirmed that national banks in the U.S. can buy, sell, and manage crypto assets under their custody. Even more significantly, they are now permitted to outsource crypto custody and execution services to third-party providers.
The U.S. Office of the Comptroller of the Currency (OCC) has recorded a strategic move in recent times in decision making. Banks can now engage in certain crypto activities—without waiting for a green light from regulators. This marks a significant policy shift, reversing earlier rules set under the Biden administration.
Federal bank regulatory authorities in the United States have released a statement on the risks of cryptocurrencies to banking organizations. On Jan. 3, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued a joint statement regarding the challenges that
