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National Banks, Savings Groups Can Hold Crypto: Feds

The U.S. Office of the Comptroller of the Currency will enable national banks and federal savings associations to hold cryptocurrencies for their customers. So reports The Block.

cryptocurrency 3409725 640smallThe move represents a substantial shift in the banking industry’s attitude toward crypto. The announcement comes in the wake of the regulator’s efforts to seek public input on the matter and was heralded by Acting Comptroller Brian Brooks as a way to ensure that all the banking needs of U.S. customers are met.

Read the full article from The Block.

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