Log in

News

OCC opens the doors for banks to custody crypto on behalf of customers

Updated: Jul 25, 2024
Published: Jul 27, 2020
0
Share:

OCC

Post Feature Image

The Office of the Comptroller of the Currency is an independent bureau within the U.S. Department of the Treasury. It ensures that all national banks and federal savings associations operate in a safe and sound regulatory framework.

Banks Allowed to Custody Crypto

In an interpretive letter released this month, the OCC stated that national banks are allowed to custody cryptocurrencies on the behalf of customers, which would include holding the private keys of those cryptographic assets. Additionally, the OCC re-affirmed their pro-position on national banks offering banking services to cryptocurrency businesses. Of course, the latter is contingent on banks complying with the applicable laws and managing risk appropriately.

Banks & Crypto: Antonyms?

For early adopters and most of the current crypto-sphere, cryptocurrencies are a step forward from traditional banks. Mostly in the sense of self-custody where the saying “not your keys, not your Bitcoins” applies. Therefore banks holding cryptocurrencies on behalf of customers may sound counter-intuitive to many.

The issue being that the current technological barrier is not an easy one to cross for the average person. Learning how to transfer funds with diligence, handling private keys, trading the asset and then sending it from one to another (cold storage for example) is a daunting experience. Any small mistake can cost bigly.

A traditional bank handling this mechanism and perhaps offering insurance for stolen/lost funds would ease the mind of many and give them the route they needed to dip their toes in this novel asset class.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Time Sensitive: The 4x Market-Neutral Trade Everyone’s Missing
PRO
Research Report
Time Sensitive: The 4x Market-Neutr...Opportunities like this are rare in crypto. Most launches are driven by hype or speculation with no ...
11 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Update: The Latest on Our Top Meme Pick
PRO
Research Report
Update: The Latest on Our Top Meme ...This coin started as a meme but now it’s a movement. The diamond-hand community continues to grow, c...
12 min read
Oct 24, 2025