US Banks Now Allowed to Offer Crypto Services: OCC Clarifies Rules

The Office of the Comptroller of Currency (OCC) has officially clarified that federally regulated banks in the US can now offer crypto-related services, such as providing cryptocurrency custody and assisting customers with buying and selling. Interpretive Letter 1184 outlines the allowed activities for banks but emphasizes responsible risk management and adherence to existing regulations, whether self-managed or outsourced.