US Bank to Offer Crypto Custody Following Investment in Securrency
April 28, 2021 @ 1:47 pm By JD Alois
US Bank has announced that it will commence providing custody of digital assets. Last year, all banks received clarity from the Office of the Comptroller of the Currency when the regulator published a letter outlining the ability for chartered banks to handle cryptocurrency. At that time, acting Comptroller of the Currency
Brian P. Brooks, commented:
“From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today. This opinion clarifies that banks can continue satisfying their customers’ needs for safeguarding their most valuable assets, which today for tens of millions of Americans includes cryptocurrency.”