Financial analysts need clarification on whether banks can hold crypto coins privately

On October 7, Cryptonews announced that the Office of the Securities and Exchange Commission (OCC) was taking yet another step to help local banks protect the cryptocurrency world. CEO Brian Brooks acknowledged that he wanted to clarify whether cryptocurrencies, especially private tokens such as Monero (XMR) and Zcash (ZEC), are assets that banks can hold, trade or borrow. However, he did not say when details will be released in the interview. The OCC is still trying to determine whether banks can use blockchain as the basis for their payment network.