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The Office of the Comptroller of the Currency (OCC) in the United States has published a letter that gives banks the freedom to hold cryptocurrency assets on behalf of its customers. This is a huge step forwards the mass adoption of cryptocurrencies as it potentially opens the asset class up to millions of people in North America. Banks, however, may not be keen on offering common digital assets like Bitcoin and Ethereum straight away, with it being more likely that CBDCs or bespoke bank tokens like JP Morgan’s coin will be offered. Central Bank Digital Currencies have been at the centre of intense discussion over the past 12 months with the Bank of England and Banque of France beginning testing ...
Continue reading Experts respond to landmark decision enabling US banks to offer crypto

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