Federally Chartered Banks and Thrifts May Engage in Certain Stablecoin Activities

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to hold “reserves” on behalf of customers who issue certain stablecoins.

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to hold "reserves" on behalf of customers who issue certain stablecoins.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-125.html

Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers.

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to provide cryptocurrency custody services for customers.

Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html