🔴The Office of the Comptroller of the Currency in the United States announced on Tuesday that banks will be allowed to act as intermediaries in cryptocurrency transactions, in a new move by President Donald Trump's administration to bridge the gap between the traditional financial sector and digital currency activities.

⁣
📌The office stated in new guidelines that banks can participate in what are known as "riskless principal transactions," which include crypto assets, without being subject to additional scrutiny from the regulator.
⁣
📌In this type of transaction, banks essentially act as intermediaries, purchasing assets from one party and then entering into a deal to sell them directly to another party, without holding these assets in inventory except in rare instances, according to the Office of the Comptroller of the Currency.
#BTCVSGOLD
#ETHBreaksATH
#FOMCWatch
#USJobsData
#USChinaDeal
$LTC
$SOL
$BTC