🚨🚨 LAST MINUTE 🚨🚨
The Office of the Comptroller of the Currency (OCC) issued a statement on Friday, March 7, reaffirming and expanding the authority of U.S. banks to enter into cryptocurrencies.
🪙 They will be able to hold Bitcoin
🪙 They are authorized to hold other crypto assets
🪙 Certain activities related to stablecoins
🪙 They will be able to participate in distributed ledger networks, provided that they comply with security and financial stability regulations.
🪙Prior supervision by the OCC will no longer be necessary to operate with cryptocurrencies.
🪙 They are authorized by this Declaration
- National Banks
- Federal Savings Associations
🚨 The agency also withdrew its support for previous statements highlighting the risks associated with such activities.
🚨 The OCC's message is clear:
Cryptocurrencies are no longer a fringe experiment, but an integral part of the Financial System
What do you think? I'll read you in the comments.
