OCC Clarifies Crypto Custody for Banks! 🏦

The Office of the Comptroller of the Currency (OCC) just issued new guidance, clarifying that national banks and federal savings associations are authorized to provide cryptoasset custody services. This includes buying and selling assets held in custody, all at the direction of their customers.

This is a major validation for the crypto space, signaling that traditional financial institutions can safely engage with digital assets under clear regulatory guidelines. Expect to see more banks offering crypto services soon!

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