TheBlock
2020-07-22 22:57:52

Industry startups cheer the OCC’s crypto custody move, but don’t bet on big banks jumping into bitcoin just yet

Quick TakeThe U.S. Office of the Comptroller of the Currency has opened the door for banks under its regulatory remit to offer crypto custody services.Industry startups cheered the move and pointed to potential business opportunities for the sector.Experts say the real beneficiaries will be small and medium banks — big banks not so much.

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