OCC Clears US Banks To Buy, Sell, And Custody Crypto with Third-Party Support
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The U.S. Office of the Comptroller of the Currency (OCC) has confirmed that banks can now help customers buy and sell crypto assets held in custody. They are also allowed to provide and outsource cryptocurrency custody and execution services, provided these activities are backed by strong risk management.
In Brief
- U.S. banks can now offer crypto custody and execution services, including tax reporting and fiat-crypto swaps.
- Third-party providers may support these services, as…
