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US bank regulator says banks can act as crypto intermediaries
Banks will be allowed to act as intermediaries on crypto transactions, a national U.S. bank regulator said on Tuesday, in the latest step by the Trump administration to narrow the gap between the traditional financial sector and crypto activities. The Office of the Comptroller of the Currency issued new guidance saying that banks can engage in what are known as "riskless principal" transactions that involve crypto assets and would not receive scrutiny from the regulator. In such transactions, banks effectively act as brokers, buying assets from one counterparty while simultaneously entering into a ... (full story)
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