Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101912
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.05%
Bitcoin Share
coinpedia 2025-05-07 21:45:21

OCC Approves Banks to Handle Crypto Assets: Key Takeaways and Market Impact

OCC Approves Banks to Handle Crypto Assets: Key Takeaways and Market Impact

The post OCC Approves Banks to Handle Crypto Assets: Key Takeaways and Market Impact appeared first on Coinpedia Fintech News The U.S. OCC has aligned with other agencies to issue clear crypto regulations under the Donald Trump administration. U.S. banks can now work with DeFi protocols to ensure a secure mainstream adoption of digital assets. The United States Office of the Comptroller of the Currency (OCC) announced on Wednesday, May 7, that national banks and federal savings associations can participate in crypto asset custody and trading services. According to the published Interpretive Letter 1184, banks may buy and sell crypto assets held in custody at the customer’s direction. Additionally, the OCC clarified that national banks and federal savings associations are permitted to outsource to third parties bank-permissible crypto-asset activities. “As with any activity, a bank must conduct crypto-asset custody activities, including via a sub-custodian, in a safe and sound manner and in compliance with applicable law,” the OCC noted . Key Takeaways from OCC Announcement and Crypto Market Impact The approval by the OCC for banks to handle crypto assets is a clear indication of the rising demand for cryptocurrencies by institutional investors. The notable surge in real-world assets tokenization has attracted notable attention from lawmakers seeking to ensure crypto market clarity and investor protection. With Wall Street banks permitted to handle crypto assets by the OCC, the cash inflow to crypto investment products will experience a sharp uptick in the near term. Moreover, the U.S. banking industry has experienced significant headwinds, including high unrealized losses on their investment securities. The adoption of blockchain technology by traditional finance was in retrospect inevitable as a means to ensure sustainable future growth prospects.

Most Read News

Moralis Money
Market Cap
24h Vol
62.05%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.