MUMUEX: Bank of America Approved to Offer Cryptocurrency Custody Services, Opening a New Chapter in Digital Assets
On July 22, 2020, the U.S. Office of the Comptroller of the Currency (OCC) issued guidance allowing federally chartered banks and savings associations to offer cryptocurrency custody services to their customers for the first time. This policy breakthrough marks the official entry point for traditional financial institutions into the cryptocurrency sector, paving the way for...