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OCC guidance authorizes banks to engage in ancillary services tied to cryptocurrencies, including trade execution, recordkeeping, accurate asset valuation, and comprehensive tax reportin

OCC issued Interpretive Letter 1184, which reaffirms and expands on earlier guidance

OCC allows banks to outsource crypto-related services, such as custody and execution, to qualified third-party providers, under the condition that strong oversight, continuous risk management, and regulatory compliance are consistently maintained

OCC confirmed that U.S. national banks and federal savings associations are authorized to buy, sell, and hold crypto assets based on customers' instructions, providing new opportunities for regulated crypto asset management

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