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U.S. Banks Cleared to Hold Cryptocurrency After OCC Policy Shift

The U.S. Office of the Comptroller of the Currency (OCC) reverses its earlier stance, allowing banks to directly own digital assets.

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Terms & Concepts
  • Office of the Comptroller of the Currency (OCC): A U.S. federal banking regulator overseeing national banks and federal savings associations.
  • Digital assets: Electronic representations of value such as cryptocurrencies, stablecoins, or tokenized assets.
  • Policy reversal: A regulatory change that overturns a previous rule or stance.