tldr; The Office of the Comptroller of the Currency (OCC) has announced that US banks can act as intermediaries for cryptocurrency transactions, similar to their role with securities and derivatives. Banks can now execute ‚riskless principal‘ trades for digital assets, buying and selling cryptocurrencies on behalf of customers without holding them in inventory. This move reflects a more crypto-friendly regulatory approach under President Donald Trump’s administration, enabling banks to expand services for crypto custody customers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crivos on
When can we get a FDIC insurance on the crypto holdings? Pretty please?
Fantastic_Shaman9230 on
what could go wrong…
BTC_is_waterproof on
Let’s go!
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tldr; The Office of the Comptroller of the Currency (OCC) has announced that US banks can act as intermediaries for cryptocurrency transactions, similar to their role with securities and derivatives. Banks can now execute ‚riskless principal‘ trades for digital assets, buying and selling cryptocurrencies on behalf of customers without holding them in inventory. This move reflects a more crypto-friendly regulatory approach under President Donald Trump’s administration, enabling banks to expand services for crypto custody customers.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
When can we get a FDIC insurance on the crypto holdings? Pretty please?
what could go wrong…
Let’s go!