Regulator gives US banks the green light to act as crypto brokers – DL News
- A banking regulator will allow banks to act as intermediaries for crypto transactions.
- Banks in the US already perform similar functions for customers with assets like securities.
- The OCC announcement is the latest crypto-friendly push by banks since President Donald Trump took power.
US banks will be able to buy and sell cryptocurrencies on behalf of customers, acting as intermediaries for investors in the space, the Office of the Comptroller of the Currency announced on Tuesday.
The OCC said in a statement that such transactions would work in the same way American banks already perform for customers with securities and derivatives.
Known as “riskless principal” trades, banks in the US are able to execute a transaction on behalf of a…
