“Such transactions involve a bank acting as a principal in a crypto-asset transaction with one customer while simultaneously entering into an offsetting transaction with another customer,” the regulator said in the release. “The bank serves as an intermediary and does not hold the crypto-assets in inventory, instead acting in a capacity equivalent to that of a broker acting as an agent.”
“Such transactions involve a bank acting as a principal in a crypto-asset transaction with one customer while simultaneously entering into an offsetting transaction with another customer,” the regulator said in the release. “The bank serves as an intermediary and does not hold the crypto-assets in inventory, instead acting in a capacity equivalent to that of a broker acting as an agent.”
