The OCC, or the Office of the Comptroller of the Currency, has issued guidance permitting banks to buy and sell crypto assets held in custody for their clients. This change aims to enhance the services banks can provide in the rapidly evolving cryptocurrency space. It allows banks to directly engage in trading activities on behalf of customers, expanding their role in blockchain-related transactions. This move is seen as a significant step towards integrating cryptocurrencies into traditional finance, promoting a more secure and regulated environment for transactions involving digital assets. As banks begin to adapt to these guidelines, we may witness increased participation from traditional finance players within the cryptocurrency market, potentially leading to greater mainstream adoption and trust in digital currencies.

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