OCC approves the trade in customer cryptocurrencies and the outsourcing of custody and execution services to third parties

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Die Aufsichtsbehörde OCC (Office of the Comptroller of the Currency) hat eine bedeutende Entscheidung getroffen, die Auswirkungen auf die Bankenlandschaft in den USA haben könnte. Ab sofort dürfen Banken Kryptowährungen, die von ihren Kunden gehalten werden, kaufen und verkaufen. Diese Regelung eröffnet neue Möglichkeiten für Banken und deren Kunden im Umgang mit digitalen Währungen. Ein …
The supervisory authority OCC (Office of the Compotroller of the Currency) has made a significant decision that could have an impact on the banking landscape in the United States. As of now, banks can buy and sell cryptocurrencies that are kept by their customers. This regulation opens up new opportunities for banks and their customers in dealing with digital currencies. A … (Symbolbild/KNAT)

The supervisory authority OCC (Office of the Compotroller of the Currency) has made a significant decision that could have an impact on the banking landscape in the USA. As of now, banks can buy and sell cryptocurrencies that are kept by their customers. This regulation opens up new possibilities for banks and their customers in dealing with digital currencies.

Another important aspect of this decision is permission for banks to outsource the custody and execution services for cryptocurrencies to third parties. This means that banks no longer have to take over the entire responsibility for the storage and management of cryptocurrencies, but can transfer these tasks to third -party providers. This can increase efficiency and improve customer service, since specialized companies usually have more expertise in the field of crypto custody

The permission of the OCC to act and outsource cryptocurrencies could strengthen trust in digital currencies and promote their integration into the mainstream finance sector. Banks could therefore play a similar role as for traditional financial instruments and their customers offer access to a wider range of investment and trade opportunities.

Overall, this decision represents a step towards a regulated and stable environment for trading cryptocurrencies and could help increase the acceptance of these innovative financial technologies in banking.