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OCC Clarifies Banks Can Execute Riskless Principal Crypto Transactions

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Citing Bitcoin.com, the OCC confirmed on Dec. 9 that U.S. national banks may execute riskless principal crypto-asset transactions. The interpretive letter clarifies that banks can act as principal in offsetting trades with customers without holding crypto in inventory. The move aligns with traditional brokerage practices and supports liquidity and crypto markets. Banks must follow CFT rules and maintain compliance and safety standards.
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