The American office of the controller of the currency, which controls national banks, has continued its face about the resistance to cryptocurrency in banking, issuing explanatory letters that say that institutions buy and sell the property of Crypto at the gesture of their customers.
New policy It was also clarified by the OCC on Wednesday that bankers could outsource crypto activities, including detention and executive services. As long as all of this still examines the watcadog’s safety-and-ridiculous needs, OCC is giving more crypto freedom to banks.
The steps of this week follows the agency’s march to reversed a long policy, demanding the bankers to investigate with their government supervisors before proceeding with the new Crypto business. “These letters indicate a change in OCC’s approach,” Catherine Kirkpatric Bose, Starkware General Council and a former Chief Legal Officer in CBOE Digital, Social media site X noted on XHe said that the agency is now melting Crypto in traditional banking. And additional guidance which is fine third-party is “a boon to regulate Crypto native service providers.”
Read more: OCC says
