The Future of Crypto Banking: What’s Next for Digital Banking Startups?
The landscape of banking is changing, and if you haven’t noticed, you’re probably not in the right subreddit. The U.S. Office of the Comptroller of the Currency (OCC) just dropped some guidance that opens the door for traditional banks to jump into the crypto pool as riskless principals. This means they can finally offer regulated services without the risks that usually come with crypto. But what does this mean for the banking sector? And what opportunities does it present for fintech startups trying to make a mark in this digital economy?
The OCC is All In
The OCC’s interpretive letter has given national banks a green light to act as middlemen for cryptocurrency trades without holding any of those assets themselves. It’s a game…
