GuShiio.com GuShiio.com learned that the U.S. Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1183, reiterating that the federal banking system can engage in activities such as crypto-asset custody, specific stablecoin businesses, and distributed ledger node verification, and eliminating the need for banks to obtain regulatory bodies before participating in related businesses. Requirements for non-objection opinions. Acting Administrator Rodney E. Hood said the OCC requires banks to maintain the same risk management standards as traditional businesses when launching new businesses, while reducing the compliance burden on banks engaging in crypto business. The OCC also withdrew its previous statement jointly issued with other agencies on the risks of crypto assets to the banking industry.
read the original
