U.S. Banks Gain Regulatory Approval to Offer Crypto Services

Banks in the United States have been granted new regulatory authority to offer crypto services directly or through third-party firms. The U.S. Office of the Comptroller of the Currency (OCC) has removed pre-approval requirements for banks seeking to handle crypto, allowing them to engage with cryptocurrency service providers on a similar footing to traditional financial interactions. This change was announced Wednesday by the OCC and marks a significant shift in regulatory landscape.