<ul><li>The Office of the Comptroller of the Currency (OCC) reaffirmed that cryptocurrency activities are permissible in the federal banking system, including crypto-asset custody, certain stablecoin activities, and participation in independent node verification networks.</li><li>Interpretive Letter 1183 confirms that a number of key crypto activities are permissible for national banks and federal savings associations.</li><li>The OCC removed the requirements for supervisory nonobjection and adequate controls before engaging in cryptocurrency activities.</li><li>Banking institutions have been given the green light to a wide range of crypto activities, allowing for a potential increase in players entering the crypto industry.</li></ul>

OCC Reaffirmed That Cryptocurrency Activities Are Permissible in the Federal Banking System

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