OCC reaffirms banks’ authority to offer crypto services without prior approval

OCC reaffirms banks’ authority to offer crypto services without prior approval

The Office of the Comptroller of the Currency (OCC) clarified on May 7 that federally chartered banks and savings associations may offer crypto services, namely custody and execution, including through third-party providers, provided they adhere to sound risk management practices and legal compliance.  The clarification, issued through Interpretive Letter 1184…
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