James Stevens

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Articles

OCC Clarifies Bank Authority to Engage in Certain Cryptocurrency Activities

1 month ago | lexology.com | Matthew Bornfreund |Ethan G. Ostroff |Alexandra Steinberg Barrage |James Stevens

On March 7, the Office of the Comptroller of the Currency (OCC) issued a significant update regarding the involvement of national banks and federal savings associations in cryptocurrency activities. Interpretive Letter 1183 reaffirms the permissibility of various crypto-asset activities and aims to streamline the regulatory process for banks engaging in these activities.

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