The American Banking Group has questioned the approval by the Office of the Comptroller of the Currency (OCC) for cryptocurrency companies to obtain national trust charters, citing concerns over regulatory ambiguity and potential impacts on financial stability. Meanwhile, Brazil's largest private bank, Itaú Unibanco, has advised clients to allocate up to 3% of their investment portfolios to Bitcoin as a long-term hedge. In Venezuela, due to local currency instability, stablecoins such as USDT have become a necessity for daily transactions. At the same time, U.S. regulators are advancing integration efforts, with the Commodity Futures Trading Commission (CFTC) expanding the scope of cross-margin rules, potentially including crypto assets. This highlights that despite resistance from traditional banking sectors, institutional investors' acceptance of crypto assets is continuously increasing.
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The American Banking Group has questioned the approval by the Office of the Comptroller of the Currency (OCC) for cryptocurrency companies to obtain national trust charters, citing concerns over regulatory ambiguity and potential impacts on financial stability. Meanwhile, Brazil's largest private bank, Itaú Unibanco, has advised clients to allocate up to 3% of their investment portfolios to Bitcoin as a long-term hedge. In Venezuela, due to local currency instability, stablecoins such as USDT have become a necessity for daily transactions. At the same time, U.S. regulators are advancing integration efforts, with the Commodity Futures Trading Commission (CFTC) expanding the scope of cross-margin rules, potentially including crypto assets. This highlights that despite resistance from traditional banking sectors, institutional investors' acceptance of crypto assets is continuously increasing.