Protego joins Anchorage as the first string of digital asset firms to get national trust bank licensing.
Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.
The letter indicates that banks and savings associations can now run crypto nodes and utilize associated stablecoins for “permissible payment activities.” This means banks can use public blockchains to validate, store, record and settle payment transactions as long as they're compliant with existing laws.
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