Brian Brooks: "Banks are considering buying and cooperating with cryptocurrency custodians"

According to the director of the controller of the US money circulation (OCC) Brian Brooks, Some American banks consider the possibility of cooperation or purchase of cryptocurrency casteans.

Brian Brooks (Brian Brooks) stated, that after the July decision OCC allow banks to provide cryptocurrency storage services, Financial organizations may begin to establish partnerships with cryptocurrency casteans or consider the purchase of such companies.

"I heard, that banks contacted a number of large cryptocurrency casteans - Anchorage, Coinbase and others - on the issue of intermediary services for national banks, Whose clients want to invest in BTC ", He said.

Brooks suggested, that due to the complexity of the work of the castodians, banks will strive to cooperate with them or directly buy them.

“They will want to either buy cryptocurrency castodians, or cooperate with them, to provide services on their behalf, And now they can do this legally ", - said Brooks.

OCC operating director also noted, that the decision of the banks to offer storage of cryptocurrencies will increase the trust of retail investors in digital assets and will lead to a further increase in profit. In his opinion, "The growth of demand will be significant".

Brooks recently said, that blockchain will change the work of banks, which in the future will be able to act as nodes.