Big news from U.S. banking regulators: the Office of the Comptroller just dropped a fresh interpretive letter greenlighting national banks to handle crypto transactions through what's called a "riskless principal" setup. Basically, banks can now step in as intermediaries for digital asset deals, as long as they're playing by the rulebook. This model lets banks facilitate trades without holding the actual crypto risk themselves—pretty significant for institutions wanting to dip their toes into the space while staying compliant.
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DefiPlaybook
· 22h ago
It is worth noting that this "risk-free principal" model essentially involves banks transferring risk; the actual volatility pressure is merely shifted to the counterparty.
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ShitcoinConnoisseur
· 12-10 11:09
Risk-free principal? That term sounds a bit... well, how should I put it, where in the world is there a business without any risk?
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SighingCashier
· 12-09 19:55
Even banks are getting into crypto now—traditional finance really can't sit still anymore, haha.
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OneBlockAtATime
· 12-09 19:42
Wait, the banks finally dare to make a move? The risk-free principal model sounds like... traditional finance wants to eat the crab but is afraid of getting burned, right?
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0xDreamChaser
· 12-09 19:36
Risk-free principal? Sounds like a "condom" for traditional financial institutions... Banks finally want to get in, but still don't want to get their feet wet. Hilarious.
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tx_or_didn't_happen
· 12-09 19:36
Risk-free principal? Sounds like a trick where banks want to enjoy crypto profits without taking on any risk... Can it really be that easy?
Big news from U.S. banking regulators: the Office of the Comptroller just dropped a fresh interpretive letter greenlighting national banks to handle crypto transactions through what's called a "riskless principal" setup. Basically, banks can now step in as intermediaries for digital asset deals, as long as they're playing by the rulebook. This model lets banks facilitate trades without holding the actual crypto risk themselves—pretty significant for institutions wanting to dip their toes into the space while staying compliant.