On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fund Services, Christine Waldron, says she is proud of her company’s steps toward blockchain and cryptocurrency practices.
US Bank to Offer Cryptocurrency Services Pending Compliance Approval
During the first week of January 2021, The Office of the Comptroller of the Currency (OCC) revealed that national banks and savings associations in the U.S. could deal with stablecoins and public blockchains. Following that announcement, The oldest bank in America, Bank of New York Mellon (BNY Mellon) disclosed in mid-February that it created a digital currency unit. On Tuesday, the fifth-largest banking institution in the country, U.S. Bank published a blog post that details new cryptocurrency offerings.
Although, the blog post does not…