OCC Issues New Guidelines on Crypto Asset Management

According to PANews, the U.S. Office of the Comptroller of the Currency (OCC) has released new guidance, identified as Interpretive Letter 1184. This directive clarifies that national banks and federal savings associations in the United States are permitted to buy and sell crypto assets held in custody, following customer instructions. Additionally, the guidance allows these institutions to outsource crypto asset custody and execution services to third parties, provided they adhere to third-party risk management standards.