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OCC Grants Banks Permission to Buy and Sell Custody-Held Cryptocurrencies
OCC Grants Banks Permission to Buy and Sell Custody-Held Cryptocurrencies
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The US Office of the Comptroller of the Currency (OCC) has pivoted on its crypto stance, authorizing banks to engage in buying and selling cryptocurrencies held in custody for customers. This policy shift signals growing institutional acceptance of digital assets.
Banks may now outsource crypto custody and execution services to third parties, provided they adhere to the OCC’s rigorous safety standards. The move expands permissible activities for OCC-regulated institutions while maintaining strict oversight frameworks.
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