Regulation | March 14, 2025
Picture: Freepik/ Officially in macrubctor
US banks get green lights for Crypto activities
As Mayer promoted | coffeeon March 7 2025, the US office of cash comptroller (OCC) Released Guide to take the first approval requirement for National Banks and Federal Sigsys Associations to join Crypturrency activities. These streamrines are the process of participating, Reduce Red Tape while still maintaining risk of risk.
Top Takeaways
- THE OCC A 2021 rule canceled banks needed to obtain approval before offering Crypto serviceswhich is simpler for them to enter the market
- Although they do not need permission, banks must have strong place protections to solve Crypto related risks
See: The US Senate operates in regulate stabecoins
- THE OCC Falling past warnings about crypto risks and liquidity issuessigned a more open approach to digital properties
- With more clear rules, many other US banks start to provide Crypto services such as custody, pay, and tokized properties
Why it’s important
This decision can drive Great adoption of institutional In the Crypto in the US with America banks that now participate in crypto offerings that are more free, will Canada follow to remain in competition?
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