According to ChainCatcher, citing Bloomberg Legal, new guidelines from the Office of the Comptroller of the Currency (OCC) allow U.S. banks to provide cryptocurrency trading intermediary services, further clarifying how traditional lending institutions can legally participate in digital asset trading.
A memo from the U.S. Office of the Comptroller of the Currency states that banks can act as brokers, purchasing assets from one counterparty and simultaneously selling those assets to another. In this process, the lending institution does not hold any crypto assets.
