This clarity could increase confidence in crypto services provided by regulated financial institutions. It also allows banks to serve crypto demand without building everything in-house.
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OCC Confirms US Banks Can Offer Crypto Custody Services to Customers
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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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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
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