Magda Gathani discussed "Cryptocurrency meets banks" at the Women in Housing & Finance Partner Series
Curious about crypto? Want to know how banks met crypto? Panelists discussed recent OCC interpretive letters on crypto-related activities permitted to banks: (1) providing custody services to customers with respect to crypto and other digital assets; (2) holding reserves for stablecoin issuers; and (3) validating, sorting, and recording payment transactions by serving as a node on an Internet Node Verification Network, issuing stablecoin, and exchanging stablecoin for fiat currency, such as U.S. dollars.
What are the impacts and implications for financial institutions and cryptocurrency companies? Will the increasing interest in crypto continue? Magda Gathani discussed these exciting developments.