The ABD Regulatory Authority Clarified the Topic of Cryptocurrency Fees for Banks.

A New Era in US National Banking

The United States' national banking regulator, the Office of the Comptroller of the Currency (OCC), has paved the way for banks to hold cryptocurrency assets on their balance sheets. In this regard, banks are allowed to allocate sufficient amounts for 'gas fees' or transaction costs they may encounter in the blockchain environment.

The policy was announced in a comment letter published on Tuesday. OCC's regulation clarifies the relationship between banks and cryptocurrencies and signals a new financial era.