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The Office of the Comptroller of the Currency issued updated guidance on Tuesday allowing federally chartered banks to hold crypto-assets as ‘principal,’ solely to pay blockchain network fees.
The new framework lets banks hold limited crypto balances required for on-chain transactions while operating under strict supervisory controls. The OCC previously allowed institutions to run blockchain nodes and use distributed ledgers to streamline settlement, forming the foundation for this latest step.
Banks have intensified calls for clarity as stablecoin n…
Read The Full Article US Regulators Give Banks a New Tool to Fight the Stablecoin Threat On Coin Edition.