Wormhole breekt door $0,10 en stijgt meer dan 30%

The post OCC Confirms Banks Can Facilitate No-Risk Crypto Transactions appeared on BitcoinEthereumNews.com. U.S. national banks have been passed by the Office of the Comptroller of the Currency (OCC) to enable their customers perform instant crypto trades with no risk. This decision has cleared a significant obstacle in the way of banks that desire to be part of the expanding digital assets market. Banks Receive Clarity on Crypto Trading Authority  Interpretive Letter 1188 states that a bank can be an intermediary in crypto transactions without having digital assets in its possession. The OCC clarified that one client may sell a crypto asset to one bank and that bank will sell the asset to the other client at the same time. Since the two trades take place virtually at the same time the bank does not have an exposure to the market. The license provides banks with a regulated structure to provide crypto trading services. This is in line with preceding actions like enabling banks to hold major crypto assets. Another explanation that OCC provides is that the role of the bank is not to trade digital assets. Instead, the only responsibility of the bank is linking the sellers and the buyers. OCC Reinforces Bank’s Crypto Oversight The regulator mentioned that such transactions carry a limited amount of settlement risk. The decision is an update of a previous guidance that permitted crypto custody and some stablecoin transactions. The latest clarification strengthens the same allowances but indicates continued regulation of responsible crypto services in the banking space. With this, the banks are now enabled to provide customers with a secure means of accessing digital assets in compliance with federal regulations. The OCC stressed that institutions need to continue having robust risk controls, such as cybersecurity controls and compliance programs. Hence, all their operations can be safe and in line with current rules. How Institutions Might…

Ethereum founder, Vitalik Buterin, has unveiled new goals for the Ethereum blockchain today at the Japan Developer Conference. The plan lays out short-term, mid-term, and long-term goals touching on L2 interoperability and faster responsiveness among others. In terms of technology, he said again that he is sure that Layer 2 options are the best way […]

The SEC approved on an "accelerated basis" listing standards for crypto ETFs, setting the stage for those products to be ready for trading.