In accordance with CoinEdition, the Office of the Comptroller of the Currency (OCC) has issued updated guidance allowing federally chartered banks to hold crypto-assets as 'principal' solely for paying blockchain network fees. The new rule enables banks to maintain limited crypto balances for on-chain transactions under strict supervisory controls, aiming to modernize financial infrastructure and counter stablecoin-driven transaction shifts. Regulators emphasize operational controls, including audit trails and cybersecurity, as banks seek to retain corporate clients and compete with major stablecoin issuers like Tether and Circle.
US Regulators Allow Banks to Hold Crypto for Blockchain Fees
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