Authorized U.S. banks to act as intermediaries in cryptocurrency transactions. Banks will be able to act as intermediaries in cryptocurrency transactions, a national banking regulator in the U.S. announced on Tuesday, marking a significant step by the Trump Administration to close the gap between traditional finance and cryptocurrency-related activities.
The Office of the Comptroller of the Currency (OCC) issued new guidelines allowing banks to engage in "risk-free principal" transactions involving crypto assets without facing regulatory scrutiny.
These transactions allow banks to operate as brokers by purchasing assets from one counterparty while simultaneously selling those assets to another counterparty. Under this agreement, banks do not hold cryptocurrency assets in their inventory during the process, except in exceptional circumstances, according to the OCC.#BTCVSGOLD $BTC , #BinanceHODLerMorpho $ETH
