The U.S. Office of the Currency Supervisory (OCC) wants banks to be pretty sure before offering crypto services to their clients.
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In its memo, the federal bank regulator asked banks to be clear if they want to start custody or node verification services, in order to comply with stablecoin and crypto regulations.
OCC also published guidance last year for banks that want to provide services to issuers holding stablecoins.
The regulator additionally stated that banks must obtain permission before they can offer crypto services: