OCC impact on traditional banking sector

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OCC's clarification provides U.S. banks with a definitive legal framework, granting them the ability to safely and lawfully integrate cryptocurrency services into their existing offerings

OCC empowers banks to meet increasing customer demands for crypto services without the need to develop costly in-house infrastructure, encouraging partnerships with regulated third-party crypto custodians and service providers

OCC regulatory clarity is expected to enhance customer confidence by assuring that crypto services are backed by the same oversight, security, and compliance standards that govern traditional banking activities

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