BTCC / BTCC Square / Global Cryptocurrency /
OCC Permits U.S. National Banks to Offer Crypto Custody and Execution Services

OCC Permits U.S. National Banks to Offer Crypto Custody and Execution Services

Global Cryptocurrency
Release Time:
2025-05-08 04:05:02
0

The Office of the Comptroller of the Currency (OCC) has issued new guidance allowing national banks under its supervision to buy, sell, and manage cryptocurrency assets on behalf of customers. The decision, outlined in an interpretive letter by Acting Comptroller Rodney E. Hood, marks a significant policy shift for the U.S. banking sector.

Banks may now provide crypto custody services directly or outsource these functions to third-party providers. This regulatory clarity reverses previous restrictions and aligns with broader efforts by federal agencies to accommodate digital asset innovation within traditional finance.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users