OCC Confirms US Banks Can Offer Crypto Custody Services to Customers

The US Office of the Comptroller of the Currency (OCC) has confirmed that banks can provide crypto custody and execution services for customers. National banks and federal savings associations may buy and sell crypto assets at the customer’s direction. They can also outsource these services to third parties. US Banks Can Finally Offer Crypto Services Without Regulatory Hurdles According to the latest announcement, US banks may offer related services, including asset settlement, trade execution, recordkeeping, valuation, and tax reporting source: https://beincrypto.com/occ-approves-bank-crypto-custody-trading-services/