Analysis

OCC Letter May Help Ease Banks' Lingering Crypto Concerns

By Al Barbarino and Philip Rosenstein (August 12, 2020, 7:52 PM EDT) -- The Office of the Comptroller of the Currency last month affirmed in an interpretive letter that national banks and savings associations can provide custody services for cryptocurrency, a largely symbolic move that leading industry observers believe could mitigate some of the concerns surrounding the emerging asset class....

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