BiyaPay Analyst: The US Office of the Comptroller of the Currency confirms that banks can directly provide cryptocurrency trading matchmaking services to customers

CoinWorld News reports that on December 12, the Office of the Comptroller of the Currency (OCC) in the United States released Interpretive Letter #1188 on December 9, which sparked widespread discussion in the banking industry within about a week after its release. The letter confirms that nationwide banks can act as “riskless principal” intermediaries in cryptocurrency transaction matchmaking: banks can hedge transactions with one client while closing a deal with another client, in principle not holding any cryptocurrency inventory and only bearing limited risks such as settlement. BiyaPay analysts point out that this move is expected to improve the willingness of compliant institutions to participate and enhance market liquidity, but the risk control and compliance requirements on the banking side are higher, and the actual implementation progress still depends on product promotion and subsequent regulatory details. BiyaPay supports USDT exchanges for USD, CAD, EUR, HKD, and other remittances to bank accounts, which can be used for multi-asset trading and fund management.