US bank regulator grants national savings banks and federal savings associations the authority to provide cryptocurrency custody services to their customers
The U.S. Office of the Comptroller of the Currency (OCC) has opened the door for federal savings associations and national savings banks …
The Block Michael McSweeney
Related Coverage
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- Banks can now hold Bitcoin: Behind the OCC's big decision and why it matters Fortune · Jeff John Roberts
- Federal regulator: National banks can hold cryptocurrency Coin Center · Peter Van Valkenburgh
- Top US Regulator Says Banks Can Hold Bitcoin (BTC) and Cryptocurrency on Behalf of Customers The Daily Hodl · Rhodilee Jean Dolor
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- U.S. Banks Can Now Offer Crypto Custody Services, Says Federal Regulator CryptoGlobe · Francisco Memoria
- ‘US banks can now hold Bitcoin on behalf of their customers’ The Next Web · Satoshi Nakaboto
- U.S. banks may soon hold your Bitcoin and other cryptocurrencies CryptoSlate · Shaurya Malwa
- Regulator grants approval for federal banks to hold cryptocurrency SiliconANGLE · Duncan Riley
- Bitcoin Daily: OCC: US National Banks Can Hold Digital Assets; S. Korea Eyes 20 Pct Tax On Crypto Trading PYMNTS.com
Discussion
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@lopp
Jameson Lopp
on x
I can see the headlines from the near future... BANK OF AMERICA HACKED, LOSES 20000 BITCOIN https://www.coindesk.com/...
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@cryptomanran
Ran NeuNer
on x
This is huge news. Buckle up! https://twitter.com/...
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@crypto_tone1
@crypto_tone1
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Not only will banks be able to hold #Crypto for clients but they may offer staking in the future. Wow😳 #Bitcoin $BTC https://twitter.com/... https://twitter.com/...
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@alexsaundersau
Alex Saunders
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Possibly the biggest announcement ever for mainstream adoption, US banks can now hold crypto for customers. Remember, not everyone is comfortable or indeed ready to be their own bank. 🇺🇸🏦🔐 #Bitcoin #DeFi #CeFi https://cointelegraph.com/...
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@alexisgoldstein
Alexis Goldstein
on x
The current Acting Director of the @USOCC, Brian Brooks, used to be a lobbyist for Coinbase, a crypto exchange. Now, the OCC will let banks hold crypto. https://twitter.com/...
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@stomarova
Saule Omarova
on x
This is how it all started for derivatives back in the 1980s: OCC interpretive letters opining how it's safe and wonderful to let banks deal in risky derivatives. Because innovation! And it's “client stuff” anyway. Derivatives markets are HUGE now. Coincidence? https://twitter.co…
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@vtg2
Victoria Guida
on x
NEW: The Office of the Comptroller of the Currency on Wednesday issued an interpretive letter clarifying that national banks are allowed to hold crypto assets on behalf of their clients. https://occ.gov/...
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@mdudas
Mike Dudas
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.@USOCC: “Banks can continue satisfying their customers' needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency” https://www.theblockcrypto.com/ ...