OCC allows U.S. banks to provide clients with encryption asset custody and trading services.

2025-05-07 21:54:45

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

BOT-18.32%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.