OCC Guidance Allows Banks to Hold Cryptocurrencies Like Ethereum for Network Fees

The Office of the Comptroller of the Currency (OCC) has issued guidance confirming that national banks can hold cryptocurrencies to cover blockchain network fees, such as gas fees, for permissible activities like custody and stablecoin operations. This policy supports banks in testing and engaging with crypto platforms without third-party dependencies, reducing risks and expanding services […]

Source: https://en.coinotag.com/occ-guidance-allows-banks-to-hold-cryptocurrencies-like-ethereum-for-network-fees