Big news for cryptocurrency! The government agency that watches over banks, the OCC, says banks can now do things with cryptocurrency without asking for permission first. This means banks can help people keep their crypto safe and even work with special crypto-coins called stablecoins.
This is a big change because it makes it easier for banks to work with crypto. It also shows that the government is becoming more comfortable with cryptocurrency. Imagine if your bank could help you save your digital money!
Before, banks needed special permission. Now it's simpler.
- Banks can now safely store cryptocurrency for people.
- They can also help with special crypto-coins called stablecoins (these are like digital dollars).
- The government is less worried about cryptocurrency affecting the economy.
| Change | Impact |
|---|---|
| Banks can handle crypto without asking | Easier for banks to work with crypto |
| Less government worry | More trust in crypto |
