Investing.com — Financial institutions will be permitted to act as intermediaries in cryptocurrency dealings, the U.S. national banking regulator announced on Tuesday, marking a significant move by the Trump administration to align traditional finance with crypto operations.
The Office of the Comptroller of the Currency (OCC) issued new guidance allowing banks to engage in “low-risk” dealings with crypto assets without regulatory oversight.
These transactions enable Banks to function as brokers, acquiring assets from one counterparty and simultaneously selling them to another. Under this setup, banks do not hold the crypto assets in their inventories during the movement, except in infrequent situations, according to the OCC.
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