US OFFICIALLY "LIGHTS GREEN": BANKS ALLOWED TO ACT AS BROKERS FOR CRYPTO TRANSACTIONS
According to Bloomberg Law, the Office of the Comptroller of the Currency (OCC) has just issued new guidelines, allowing US banks to provide brokerage services for cryptocurrency transactions. This is an important step in clarifying the legal framework for traditional banks participating in the digital asset market.
According to the OCC's memorandum, banks can act as intermediaries for buying and selling, that is, purchasing assets from one partner and immediately selling them to another partner. This process does not require banks to hold crypto assets, helping to limit legal and balance sheet risks.
This move opens the door for the traditional banking system to engage more deeply in the crypto market, promoting legitimacy and liquidity.
Do you think major banks will quickly roll out crypto brokerage services to gain a first-mover advantage?
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