Banks can buy and sell encryption assets to their clients detained in reservation

The US currency observer office, which organizes national banks, continued its resistance to the previous resistance of the coded currency in banking services, and the issuance of explanatory messages saying that the institutions can-based on the request of their customers-can buy and sell encryption assets in the reservation.

the The position of the newly shown policy On Wednesday, OCC explained that bankers can use external sources of encryption activities to third parties, including custody and executive services. As long as everything still verifies the safety and security requirements of the Supervisory Authority, OCC gives banks more encrypted freedom.

This week’s step comes after the agency’s reflection in March for a long -term policy that demanded the bankers to review the government before moving forward with new encryption work. “These messages refer to a shift in the OCC approach.” Note on the social networking site x. She said that the agency now appears to have permeated the encryption in traditional banking services. And the additional guidelines that the third parties are fine “is a blessing for the provider of the original services for encryption.”

Read more: OCC says banks can engage in coding custody and some stablecoin activities