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📅 July 3, 7:00 – July 9,
OCC allows U.S. banks to provide clients with encryption asset custody and trading services.
Gate.io News bot message, the Office of the Comptroller of the Currency (OCC) has released a statement clarifying that national banks and federal savings associations may engage in the buying and selling of encryption assets at the direction of customers, provided they meet third-party Risk Management requirements. Additionally, these Financial Institutions are permitted to outsource the custody of encryption assets and related services to third-party entities, with the services involved including trade execution, record keeping, valuation, and tax services.
Source: Wu Says