US bank regulator says banks can act as crypto intermediaries

US National Bank Regulator: Banks to Act as Crypto Intermediaries

According to the US Office of the Comptroller of the Currency, Banks will now be allowed to act as intermediaries on crypto transactions.

US bank regulator says banks can act as crypto intermediaries

WASHINGTON, Dec 9 : Banks will be allowed to act as intermediaries on crypto transactions, a national U.S. bank regulator said on Tuesday, in the latest step by the Trump administration to narrow the gap between the traditional financial sector and crypto activities.The Office of the Comptroller of the Curren

OCC Clarifies US Banks Can Intermediate Riskless Crypto Trades - Invest In Crypto News

The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks a step closer to offering regulated crypto brokerage services. In an interpretive letter released on Tuesday, the regulator said banks may act as principals in a crypto trade with one customer while simultaneously en…

US regulator OKs banks to handle cryptocurrency transactions

This update from the Comptroller's office could shake up how banks approach cryptocurrency

OCC Says Banks Can Engage in Riskless Principal Transactions in Crypto Assets

The regulator’s Interpretive Letter 1188 confirmed that national banks can engage in these transactions as part of the business of banking.