As per The Crypto Basic, the U.S. Office of the Comptroller of the Currency (OCC) has issued guidance permitting national banks to act as intermediaries in cryptocurrency transactions without assuming market risk. The interpretive letter clarifies that banks can execute trades on behalf of clients without holding digital assets on their balance sheets, using a model similar to traditional riskless principal transactions. The OCC emphasizes that such activities must comply with legal and regulatory standards, including managing counterparty credit risk. The guidance is based on existing legal authority and aims to expand client access to digital assets through regulated institutions.
U.S. Regulator Allows Banks to Facilitate Riskless Crypto Trades
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