Wu said that the Office of the Superintendent of Currency (OCC) in the United States has issued Interpretive Letter 1183, reiterating that the federal banking system can engage in activities such as cryptocurrency custody, specific stablecoin businesses, and distributed ledger node verification, and canceling the requirement for banks to obtain non opposing opinions from regulatory agencies before participating in related businesses. Acting Director Rodney E. Hood stated that OCC requires banks to maintain the same risk management standards as traditional businesses when conducting new business, while reducing the compliance burden on banks engaged in cryptocurrency business. OCC also withdrew its previous joint statement with other institutions regarding the risks of cryptocurrency assets to the banking industry. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39120