Search results for "LOC"
08:27
DTCC, a financial services giant, said it will not allocate any collateral or provide loans to exchanges trading Bitcoin or cryptocurrencies' exchange-traded funds (ETFs). Crypto enthusiast K.O. Kryptowaluty clarified that this only applies to inter-entity settlements within the Letter of Credit (LOC) system. According to him, loans using cryptocurrency ETFs as collateral and broker activities will continue unaffected, depending on the risk tolerance of individual brokers. (Cointelegraph)
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