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Banks Dive into the Crypto Market: Unprecedented Developments Shake Financial Industry
Banks Dive into the Crypto Market: Unprecedented Developments Shake Financial Industry
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The Office of the Comptroller of the Currency (OCC) has granted U.S. banks the authority to trade cryptocurrencies on behalf of customers, marking a pivotal shift in regulatory stance. Financial institutions can now execute crypto transactions directly, integrating these operations into their portfolios—provided they meet stringent security requirements.
The elimination of pre-approval requirements in March further accelerates adoption, reducing bureaucratic hurdles for banks. This decision reflects growing institutional confidence in digital assets as part of mainstream finance.
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