US Banks Can Let Customers Trade Bitcoin and Crypto With No Strings Attached, Says Top Regulator
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The OCC allows US banks to facilitate crypto transactions without holding assets on balance sheets, enabling riskless principal trades. This applies to non-security crypto assets like Bitcoin. Banks must manage risks and comply with laws. The move aligns crypto trades with core banking practices, offering regulated alternatives to unregulated exchanges, and marks a shift from previous SEC requirements.
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