Mainstream Institutions No Longer Have Regulatory Reasons to Fear Crypto
Institutions on the fence about crypto involvement may no longer fear legal uncertainty, given recent crypto custody regulatory clarity. Recent regulatory transparency provided by US banking regulator, the Office of the Comptroller of the Currency, or OCC, may give interested institutions the confidence to enter the crypto industry. “For those of us who have been building up this ecosystem for years, it’s hugely validating of those efforts,” Diogo Monica, president of crypto custody service Anchorage, told Cointelegraph on July 23, referring to the OCC’s actions. He added: “But the real significance here is for the kinds of institutional players who may have been sitting on the sidelines in the absence of clear regulatory guidance.
Coin Telegraph - 24th Jul 19:07