Open Demo Account
Home / Market Update / Cryptocurrency / US Regulator Allows Cryptocurrency Banking Services

US Regulator Allows Cryptocurrency Banking Services

M. Ali 23 July, 2020 9:11 pm Cryptocurrency, Market Update

The Office of the Comptroller of the Currency (OCC), an independent bureau within the United States Department of the Treasury, approved that banks could provide custody services for cryptocurrencies, Reuters reported.

Providing custody and safekeeping services for cryptocurrencies is now considered a modern version of banking services.

Such services include safe-deposit boxes to virtual vaults to hold the digital currencies.

Tags

Check Also

US Dollar sees best trading week in two years following NFP print

The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends