š¤ Banks Go Crypto: Riskless Fun or Financial Fiasco? š¤
In a letter so interpretive it could rival a Shakespearean sonnet, the regulator chirped that banks may now play both sides of the crypto fence, acting as principals in a trade with one customer while simultaneously hedging their bets with another. š¦øāāļøš¦¹āāļø A structure, they say, that mirrors the oh-so-serious “riskless principal activity” in traditional markets. How delightfully dull! š“







