OCC’s New Guidance: The Future of Crypto Banking for Startups
The Office of the Comptroller of the Currency (OCC) just dropped some new guidance that could change everything for crypto and traditional banking. Banks are now allowed to get involved with digital assets, and that could mean big things for startups in the crypto space. But let’s break down what this really means for us.
The OCC’s New Rules
This new directive from the OCC is a game changer. Banks can now execute riskless principal transactions involving crypto assets. That means they can act as middlemen for crypto trades without actually holding any of the assets. For us startups, this could mean a smoother ride in terms of getting the banking services we need.
With this guidance, banks are expected to provide more services related…
