Office of Comptroller of the Currency says nationally chartered banks can be custodian of cryptographic keys for a cryptocurrency wallet. This could open the door for banks to hold digital assets for their clients. James Wester, a cryptocurrency specialist at IDC, says it’s “another step forward” toward legitimacy of cryptocurrencies. Wester is research director, worldwide blockchain strategies, at the research firm IDC. He discusses the significance of the new OCC “interpretive letter”; whether this is an inflection point for cryptocurrencies; what this development means for fiat currencies.”]
Source: https://www.cuinfosecurity.com/analysis-occs-decision-on-banks-cryptocurrency-a-14691