Regulatory Alerts2025-03-07 | Interpretive Letter 1183Added
Interpretive Letter 1183 — Reaffirmation of Permissible Crypto-Asset Activities and Rescission of Letter 1179
The Office of the Comptroller of the Currency rescinds Interpretive Letter 1179, which previously outlined a supervisory non-objection process for national banks and federal savings associations seeking to engage in specific crypto-asset activities. The letter reaffirms that crypto-asset custody, holding deposits serving as reserves backing stablecoins, and the use of distributed ledger technology and stablecoins to facilitate permissible payments activities remain permissible for these entities. These activities are now examined as part of the OCC's ongoing supervisory process rather than through the prior non-objection framework.
Topics
crypto
stablecoins
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