Wu Blockchain (@WuBlockchain): The OCC issued Interpretive Letter 1183, confirming that banks can provide crypto custody, engage in certain stablecoin activities, and participate in…
Estimated coin impact
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The OCC issued Interpretive Letter 1183, confirming that banks can provide crypto custody, engage in certain stablecoin activities, and participate in distributed ledger verification. It also removed the requirement for prior regulatory nonobjection and withdrew previous joint statements on crypto-asset risks to the banking sector. occ.gov/news-issuances…