What a news! The United States Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury, issued a public letter today clarifying that national banks and federal savings associations have the legal right to take custody of cryptocurrency assets:
https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html
"From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today," said Acting Comptroller of the Currency Brian P. Brooks. "This opinion clarifies that banks can continue satisfying their customers' needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency."
Today's opinion applies to national banks and federal savings associations of all sizes and is consistent with a number of states which have already authorized state banks or trust companies to provide similar functions.
Interpretive Letter PDF : https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/2020/int1170.pdf
It looks like crypto world is going to the moon, hope you're ready for the ride!
Check my previous posts, please:
493 Bitcoins were traded in Venezuela last week
One cent (Centavo) in Argentina is now worth less than one satoshi
Guide how to earn Bitcoin with (almost) NO skills required.
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