The U.S. Office of the Comptroller of the Currency (OCC) has provided guidance on how banks can manage network gas fees associated with digital transactions. This clarification aims to ensure that financial institutions can effectively navigate the complexities of blockchain-related costs. The OCC’s guidance addresses concerns regarding the treatment of these fees in financial records and reporting. Additionally, it emphasizes the importance of compliance with existing regulations while engaging in digital asset transactions. Banks are encouraged to adopt best practices in managing these fees to maintain transparency and accountability in their operations.
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