Senior Deputy Comptroller and Senior Counsel Jonathan Gould has mentioned today US national bank can hold digital assets for their clients for custody services. This is a bullish developing news for crypto community.
However, trusting banks for your crypto is what it’s fundamentally against for. We have our saying “Not your keys, not your coin”. Though this can be seen as major step towards mass adoption and positive attitude from regulators towards cryptocurrency, crypto-community has not taken this news as positive. CoinDesk Nepal also suggest all crypto users to hold their keys to themselves. Do not trust, just verify.
Read full letter in details here: https://www.occ.gov/news-issuances/news-releases/2020/nr-occ-2020-98.html