Episode 13: OCC Clears The Way: Banks Allowed to Hold Cryptocurrencies

Banking Compliance Insights By Wolters Kluwer

Wolters Kluwer® is a market-leading provider of advisory services and technology solutions for optimizing compliance and risk management programs. Banking Compliance Insights is a podcast series created to deliver insights on compliance trends and provide strategies for navigating today’s regulatory and risk environments.
What do we know, and what don’t we know about the regulatory requirements for the Office of the Comptroller of the Currency’s (OCC) Letter?
The OCC was not exhaustive in its Interpretive Letter about regulating this new trend. Our Wolters Kluwer experts use this episode, “OCC OKs Cryptocurrencies. What Does that Mean for Banks?” to break it down.
Our new podcast episode focuses on the OCC’s recent move to permit OCC-regulated banks to provide custody services for virtual assets, including cryptocurrencies. Our host, Wolters Kluwer Vice President of Banking Compliance Solutions, Samir Agarwal, sits down with Mark White, Senior Securities Compliance Analyst with Wolters Kluwer’s Compliance Center of Excellence, to tell us what it means for banks and how they should plan the regulatory landscape surrounding it.
If you have a question about how we can assist you with regulatory services for any size institution and staying abreast of emerging technologies navigate these industry waters from beginning to end during the pandemic, please post them in the comments section of this podcast!
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