Banks In Crypto: The OCC’s Quiet Game-Changer

Rodney E. Hood, Acting Comptroller of the Currency OCC Buried in a footnote of a nearly five-year-old regulatory letter, IL 1170, the national banking regulator, the Office of the Comptroller of the Currency (OCC), opened the door for national banks to participate in the cryptocurrency marketplace. The potential to modernize the financial services system and…

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