CoinVoice has recently learned that, according to CoinDesk, the Office of the Comptroller of the Currency (OCC) of the United States continues to change its previous opposition to the application of Crypto Assets in the banking industry, issuing an explanatory letter stating that banks can buy and sell the Crypto Assets they hold in custody at the request of their clients.

The latest policy statement released by the OCC this Wednesday also clearly states that banks can outsource encryption services to third parties, including custody and execution services. As long as these activities meet the safety and soundness requirements of regulators, the OCC will grant banks more freedom in Crypto Assets.