The OCC to let national banks provide crypto custody services!
OCC

The OCC to let national banks provide crypto custody services!

By AWANKASH | New in Cryptocurrency | 23 Jul 2020


According to a public letter from Senior Deputy Comptroller and Senior Counsel Jonathan Gould any national bank can hold cryptographic keys for their clients.

OCC

This marks a new era for cryptocurrencies, because before that was only allowed to a specialist firm with a state license (e.g. Coinbase).

This will surely add competition amongst the banks to provide custodial services and hopefully more services such as exchanges. It is major news for adoption!


AWANKASH
AWANKASH

Crypto enthusiast and trader


New in Cryptocurrency
New in Cryptocurrency

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