Bitcoin
$86,989.86 It’s stalling at $94,000, levels we haven’t seen in a long time. An important development has just occurred. US banking regulator published a new guide for banks in the country to boldly enter the cryptocurrency business. Such steps are big steps for easier adoption of cryptocurrencies on a corporate scale.
Cryptocurrencies Last Minute
Office of the Comptroller of the Currency (OCC) It is a federal agency. In other words, it is the largest structure that attempts and authorizes and even regulates the implementation of laws regarding national banks. Therefore, the steps taken regarding cryptocurrencies are also making a splash. The statement coming today says that banks will be allowed to act as intermediaries in cryptocurrency transactions. The newly published guidance will encourage banks to enter the crypto business.

With the latest development, the role of intermediary in transactions between a counterparty, for example, a cryptocurrency exchange, and the customer party in the bank will become legal for banks. After Trump took office of cryptocurrencies Dozens of things against it have changed because during the Biden era, almost all financial regulatory institutions, including the OCC, had created policies against cryptocurrencies. In March, the OCC approved some crypto activities, while also opting out of previous “threatening” guidance that required approval before getting into crypto. These are some of the good things that came with Trump.

