This follows earlier OCC guidance — matched by the Federal Deposit Insurance Corp. and the Federal Reserve — that reversed a previous policy restricting bankers to getting signoffs from the regulator before they could move on crypto matters.
Quote
Sources
OCC: Banks Can Buy and Sell Their Customers' Crypto Assets Held in Custody
Referenced by
OCC regulatory change follows the March 7 guidance, which marked a major policy shift by reversing the Biden administration’s earlier supervisory practices that required banks to seek "letters of non-objection" prior to offering crypto services
Crypto news
Claim
