Michael Zogot
@michaelzogot.eth
š US eases crypto rules for banks! š¢ The Office of the Comptroller of the Currency (OCC) has allowed banks to work with crypto assets without additional approvals! š¹ Now federal banks can: ā Store cryptocurrency š° ā Work with stablecoins š ā Participate in blockchain networks š”
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Michael Zogot
@michaelzogot.eth
ā” What does this mean? The simplification of rules will reduce the burden on banks and create a unified approach to cryptocurrency operations. However, risk control will remain strict. This would truly be a breakthrough if American bank customers could directly buy and store cryptocurrency in their banks.
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