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