U.S. OCC "Banks allowed to participate in virtual asset trading via 'risk-less principal' transactions"
JH Kim
Summary
- The U.S. Office of the Comptroller of the Currency (OCC) said it officially confirmed that banks can participate in virtual asset trading using the 'risk-less principal transactions' method.
- It said this method involves banks not directly holding virtual assets and only performing the broker role of mediating and matching customer orders.
- It said that because banks can participate in trades without assuming price fluctuation risk, it is notable from a risk management perspective.
The U.S. Office of the Comptroller of the Currency (OCC) officially confirmed that banks can participate in virtual asset (cryptocurrency) trading using the 'risk-less principal transactions' method.
On the 9th (local time), according to Binance News, the OCC said banks are permitted to participate in virtual asset trading in that manner. This means that rather than holding virtual assets directly with their own capital and assuming price fluctuation risk, banks can be involved in trades in a broker role, mediating and matching customer orders.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
