OCC Clears US Banks to Hold Bitcoin, Ethereum and More for Network Fees

TLDR:  Banks can now hold crypto for gas fees under OCC guidance, granting institutions direct on-chain operational access. Interpretive Letter 1186 allows native tokens for testing authorized blockchain systems in controlled environments. Paul Barron noted banks no longer need intermediaries for gas fees, improving operational efficiency. The OCC outlined limits requiring safe practices and legal [...]

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