🏦 U.S. Banks Authorized to Custody and Trade Customer Crypto Assets!

The Office of the Comptroller of the Currency (OCC) has issued Interpretive Letter 1184, clarifying that national banks and federal savings associations are permitted to:

Hold and manage cryptocurrency assets on behalf of customers, including maintaining cryptographic keys.

Execute buy and sell orders for customer-held crypto assets.

Outsource crypto custody and execution services to third-party providers, provided they adhere to stringent risk management standards.

This move signifies a significant shift in regulatory stance, aiming to integrate digital assets within the traditional banking framework.
#USHouseMarketStructureDraft
#BitcoinReserveDeadline