🔥Banks’ safe crypto trade rules🚨
The U.S. OCC has released Interpretive Letter 1188, explaining that national banks can safely take part in risk-free crypto transactions. 🏦✨
In this system, a bank makes a crypto trade with one customer and instantly makes an opposite trade with another customer. 🔄💱
Because both trades cancel each other out, the bank doesn’t hold any crypto and avoids price risk — just like a broker working between buyers and sellers. 🤝📉
The OCC says banks can do this only if they follow all rules and keep operations safe and sound. ⚖️🔐
