OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody

US Banks Can Now Custody Customer Crypto, OCC Says

The OCC now permits US banks to hold and trade crypto for customers. Learn how this impacts security, fees, and regulations.

OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody

The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers' behest — buy and sell crypto assets in custody.The newly explained policy stance released by the OCC on Wednesday also clarified that the bankers can outsource crypto activities to third parties, includi…

OCC greenlights banks to trade crypto on behalf of clients

OCC clarified that U.S banks can buy, sell, custody client's crypto assets or let third parties do these activites.

OCC Expands Crypto Activities for Banks, Allowing Buy and Sell of Assets

OCC now allows banks to buy and sell crypto assets on behalf of their customers. U.S. banks can outsource crypto custody services, ensuring third-party compliance. OCC’s policy shift signals growing acceptance of cryptocurrency within the banking sector. The U.S. Office of the Comptroller of the Currency (OCC) has expanded the role of banks in cryptocurrency-related activities. In a clarification released on Wednesday, OCC stated that national b…

The crypto adoption in the US is progressing: A regulator now gives banks new powers. But also has demands. Source: BTC-ECHO BTC-ECHO

US Banks Can Offer Crypto Custody and Execution Services, OCC Confirms

The U.S. Office of the Comptroller of the Currency has clarified that national banks and federal savings associations are permitted to buy and sell crypto assets on behalf of their customers.  This development came through an interpretive letter on Wednesday. It builds upon previous guidance and removes earlier supervisory hurdles. It also signals a broader acceptance of crypto asset activities within the traditional banking sector. Banks May Of…