US banking regulator allows banks to hold crypto to pay network fees
Crypto Briefing
The OCC now permits federally chartered banks to hold crypto assets solely for covering blockchain network fees.Summary
The US Office of the Comptroller of the Currency (OCC) has issued new guidance allowing federally chartered banks to hold cryptocurrency specifically for the purpose of paying blockchain network fees. This decision integrates digital assets into mainstream banking operations by enabling banks to manage the necessary digital assets for blockchain-based transactions under regulated oversight. Previously, the OCC allowed banks to hold crypto related to specified blockchain activities, and this latest move supports chartered banks as they enter the crypto sector to capture new fees and retain customers, especially amid stablecoin adoption driving competition for payment processing control.
(Source：Crypto Briefing)