Banks Can Provide Crypto Custody, U.S. Regulator Says

What happened: The Office of the Comptroller of the Currency (OCC) published a letter which formally stated that U.S. banks may hold cryptocurrencies—or, more specifically, private keys—for customers. Background: Until last week, the OCC had never issued a clear statement of policy on whether banks could hold cryptocurrencies for customers. This meant banks had always […]