Federally chartered banks and thrifts may provide custody services for crypto assets #117

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Crypto and Blockchain Talk - Making You Smarter

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Did you know that now, Federally Chartered Banks and Thrifts May Provide Custody Services For Crypto Assets? Do you even know what this means? Well, we can tell you that The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks' and federal savings associations' authority to provide cryptocurrency custody services for customers. According to their press release, "National and state banks and thrifts have long provided safekeeping and custody services, including both physical objects and electronic assets. The OCC has specifically recognized the importance of digital assets and the authority for banks to provide safekeeping for such assets since 1998. " So the OCC concluded that providing cryptocurrency custody services, including holding unique cryptographic keys associated with cryptocurrency, is a modern form of traditional bank activities related to custody services. They further stated, "From safe-deposit boxes to virtual vaults, we must ensure banks can meet the financial services needs of their customers today," Join Aviva Õunap, host of Crypto and Blockchain Talk, and Jonathan Dunsmoor, Founder, and Principal of Dunsmoor Law, as we explain the significance of this announcement while giving definitions and insights. Tune in to CryptoAndBlockchainTalk.com, the podcast that makes you smarter about the worlds of blockchain and cryptocurrency, and everything in between. It is our mission to interview the brightest stars in this space, bringing them straight to your ears for your listening pleasure, and best of all, for free! In addition, all interviews are streamed on Crypto24Radio.com, bringing you the latest news on all things blockchain and crypto-related all day, every day - plus music! So stay tuned and enjoy. We LOVE having you as our listener, and friend! SUBSCRIBE to our social channels and never miss an episode: SPOTIFY   iTunes   Stitcher   Soundcloud   Google Play Music   Tunein   Castbox   Podchaser   Pocket Casts   Overcast   iHeartRadio   PlayerFM   YouTube   Acast   Podnews   Castbox   Poddtoppen   Feedspot   Kimcoin   PodBean   Chartable  LISTEN NOTES  PodParadise  Bullhorn  ___________________________ Do you want us to talk about your project or company? Email us: education@saviidigital.com