OCC Issues Interim Final Rule Allowing U.S. Banks to Buy, Sell, Custody Bitcoin and Outsource Crypto Services

The U.S. Office of the Comptroller of the Currency (OCC) has issued new guidance allowing OCC-regulated banks to buy, sell, and custody Bitcoin and other digital assets on behalf of their customers. The interim final rule also permits these banks to outsource bank-permissible crypto-asset activities, including custody and execution services. This development marks a regulatory acknowledgment of digital assets within mainstream finance. Acting Comptroller Rodney E. Hood has publicly explained the new policy, confirming that national banks can now engage in Bitcoin custody and trading, signaling a shift towards broader acceptance of cryptocurrencies in the traditional banking sector.

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