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OCC’s New Guidance Marks Shift In U.S. Crypto Banking Regulations

The Office of the Comptroller of the Currency released interpretive letters signaling a shift in U.S. Crypto regulation during the White House Crypto Summit.
The OCC's new guidance allows national banks to provide cryptocurrency services without special approval, marking a significant change in policy.
Under Acting Comptroller Rodney E. Hood, the OCC's new stance encourages banks to engage with crypto while managing risks effectively.
Rodney E. Hood stated, 'Digital assets should and need to be a part of the American economy,' reinforcing the OCC's commitment to supporting blockchain innovation.

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The Epoch Times

US Regulator Says Banks Can Engage in Some Cryptocurrency Activities

A U.S. regulator said on March 7 that banks can engage in some activities related to cryptocurrencies. The Office of the Comptroller of the Currency (OCC) clarified in a statement that the permitted activities include keeping hold of crypto assets and maintaining reserves for stablecoins, a class of crypto that features prices tied to other assets. The OCC said it was rescinding a 2021 policy that set limits on when banks could hold crypto, incl…

4 days ago·New York, United States

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Zero Hedge

US Regulator Rescinds Biden's Blocks, Says Banks Can Engage In Some Crypto Activities

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

4 days ago·United States

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Forbes

OCC’s New Guidance Marks Shift In U.S. Crypto Banking Regulations

OCC eases crypto rules, allowing banks to offer custody, stablecoin reserves, and blockchain services without extra approval.

7 days ago·United States

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Coin Desk

OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities

Federally regulated banks can engage in a range of cryptocurrency activities without prior approval, The Office of the Comptroller of the Currency (OCC) said, in a new interpretive letter and statement. In a new interpretive letter, the OCC clarified that national banks and federal savings associations can legally provide crypto custody, conduct certain stablecoin-related activities, and run nodes. “The OCC expects banks to have the same strong…

7 days ago·Manila, Philippines

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Channel News Asia

US bank regulator reaffirms banks can engage in some crypto activities

WASHINGTON : The U.S. regulator overseeing national banks clarified on Friday that banks can engage in some crypto activities, and removed expectations firms should receive advance permission from regulators before doing so.The Office of the Comptroller of the Currency said in a statement that national ba

7 days ago·Singapore

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amlintelligence.com

NEWS: US banks can hold crypto, OCC confirms - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post NEWS: US banks can hold crypto, OCC confirms appeared first on AML Intelligence.

3 days ago

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