OCC Clears Path for Banks to Facilitate No-Risk Crypto Transactions
TLDR
- The OCC has confirmed that U.S. banks can now facilitate no-risk crypto transactions between buyers and sellers.
- Banks will act as intermediaries in crypto trades without holding digital assets, eliminating market exposure.
- The OCC’s guidance ensures that banks provide a secure and regulated framework for crypto transactions.
- The decision highlights the importance of strong risk management practices, including cybersecurity and compliance programs.
- This ruling allows banks to offer crypto services while complying with federal regulations and minimizing settlement risks.
The Office of the Comptroller of the Currency (OCC) has cleared the path for U.S. national banks to offer no-risk crypto transactions to their…
