The US Office of the Comptroller of the Currency (OCC) has officially stated that national banks and federal savings associations can offer crypto custody and execution services for customers. $BTC
These financial institutions are permitted to buy and sell crypto assets as directed by customers, and they can also delegate these services to third parties. The OCC's announcement outlines that banks can provide additional services such as asset settlement, trade execution, recordkeeping, valuation, and tax reporting, as long as they comply with relevant laws and customer agreements. The guidance emphasizes the importance of strong risk management practices when working with sub-custodians to store and manage crypto assets.$BNB
By clarifying the regulatory framework, the OCC's decision enables banks to expand their digital asset services while ensuring compliance and customer protection.
