ROBERT OTHON: Big News in the Crypto World:
The Office of the Comptroller of the Currency (OCC) released an Interpretive Letter confi
Big News in the Crypto World:
The Office of the Comptroller of the Currency (OCC) released an Interpretive Letter confirming that U.S. national banks may engage in riskless principal crypto-asset transactions. This means banks can act as intermediaries by simultaneously buying and selling crypto with two customers without holding the assets in inventory, essentially acting as a broker-agent. This is seen as a significant step in clarifying regulated bank involvement in cypto markets. [Source link in comments]
ROBERT OTHON: Big News in the Crypto World: The Office of the Comptroller of the Currency (OCC) released an Interpretive Letter confir
Big News in the Crypto World: The Office of the Comptroller of the Currency (OCC) released an Interpretive Letter confirming that U.S. national banks may engage in riskless principal crypto-asset transactions. This means banks can act as intermediaries by simultaneously buying and selling crypto with two customers without holding the assets in inventory, essentially acting as a broker-agent. This is seen as a significant step in clarifying regulated bank involvement in cypto markets. [Source link in comments]
Big News in the Crypto World: The Office of the Comptroller of the Currency (OCC) released an Interpretive Letter confirming that U.S. national banks may engage in riskless principal crypto-asset transactions. This means banks can act as intermediaries by simultaneously buying and selling crypto with two customers without holding the assets in inventory, essentially acting as a broker-agent. This is seen as a significant step in clarifying regulated bank involvement in cypto markets. [Source link in comments]
