U.S. regulators have given national banks the green light to custody cryptocurrencies on customers' behalf.

Soon BTC in the banks ?
In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote
“Providing custody for cryptocurrencies would differ in several respects from other custody activities,” the letter said.

It pointed to the need for digital wallets, adding that because they exist on a blockchain, there is no physical possession for cryptos.

“The OCC recognizes that, as the financial markets become increasingly technological, there will likely be increasing need for banks and other service providers to leverage new technology and innovative ways to provide traditional services on behalf of customers,” the letter said.

Banks can provide both fiduciary and non-fiduciary custodian services, the letter said.

Lets see guys!

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