BTCC
/
BTCC Square
/
Global Cryptocurrency
/
US Banks Greenlit for Crypto Custody and Execution Services by OCC
US Banks Greenlit for Crypto Custody and Execution Services by OCC
16
2
The U.S. Office of the Comptroller of the Currency has removed regulatory ambiguity, explicitly authorizing national banks and federal savings associations to engage in cryptocurrency transactions for clients. This pivotal clarification, delivered via interpretive letter, dismantles previous barriers and accelerates institutional adoption.
Banks may now provide end-to-end crypto services—including trade execution, fiat-crypto conversions, and tax reporting—either directly or through third parties. The move signals a watershed moment for traditional finance’s integration with digital assets, reinforcing crypto’s legitimacy as a bankable asset class.
By:
Previous
Gen Z Women Poised to Reshape Crypto Finance Leadership
Next
Trump Criticizes Fed Chair Powell Amid Economic Policy Tensions
