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The US OCC confirms that banks have the right to engage in risk-free principal cryptoasset transactions
The Office of the Comptroller of the Currency (OCC) today issued Explanatory Letter 1188, confirming that NAB can engage in permitted banking activities related to transactions in crypto assets with risk-free principal. Such transactions involve banks acting as principal when conducting crypto asset transactions with one customer while performing offset transactions with another. Banks act as intermediaries, not holding inventory of crypto assets, but acting in a similar capacity to brokers acti...
2025-12-09 15:28:34
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