💨 Abstract

The U.S. Office of the Comptroller of the Currency (OCC) has clarified that national banks can engage in some cryptocurrency activities, such as crypto-asset custody, stablecoin activities, and participation in distributed ledger networks, without needing advance permission from regulators. The OCC has also rescinded prior guidance that required banks to clear crypto activities with regulators and show they have adequate controls in place.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖