“A New Policy Directive from the US Regulator of National Banks Says The Institutions Can Also Outsource Crypto Custody and Execution to Outside Parties.”, – WRITE: www.coindesk.com
The Newly Explained Policy Stance Released by the Occin of Wednesday Also Clarified that Bankers Canchers Can Outsource Crypto Activities to Third Parties, Including Custom An Executive An Executive. As Long as It All Still Checks the Boxes of the Watchdog’s Safety-and-Soundness Requirements, The OCC is Giving the Banks More Crypto Freedom.
This Week’s Move Follows The Agency’s March Reversal of a Longstanding Policy that Demanded Bankers Check with Their Government Supervisors Before Moving AHEAD WITH NEW CRYPTO BUSINESS. “TheSe Letters Signal A Shift in The Occus Approach,” Katherine Kirkpatrick Bos, Starkware General Counsel and A Former Chief Legal Officeer at CBOE Digitis Sems to be melding Crypto Into Traditional Banking. And the Additional Guidance That Third-Parties Are Okay “Is a Boon to Regulated Crypto Native Service Providers.”
Read More: OCC Says Banks Can Engage in Crypto Custody and Certain Stablecoin Activities
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