Beautiful OCC: Banks can buy and sell customers' custody encryption assets and outsource related services.

[U.S. OCC: Banks can buy and sell customer-held Crypto Assets and outsource related services] The Office of the Comptroller of the Currency (OCC) in the United States issued an explanatory letter on Wednesday, clearly stating that banks can "buy and sell the Crypto Assets held in custody for customers at the customers' request." The OCC also noted that banks "can outsource cryptocurrency-related activities to third parties, including custody and execution services." This new policy continues the agency's shift since March regarding previous policies, which no longer require banks to obtain regulatory approval before advancing into cryptocurrency businesses.