Bank Intermediaries refer to traditional financial institutions that act as facilitators for transactions and services within the crypto ecosystem, particularly for institutional clients. These entities bridge the gap between conventional finance and digital asset markets, providing infrastructure for custody, fiat on/off-ramps, and regulatory compliance.
Mechanism
The mechanism involves the bank intermediary holding fiat currency or digital assets on behalf of clients, enabling conversion between them, and processing payments. They operate through established banking networks and often partner with specialized crypto service providers to manage the technical complexities of digital asset operations while maintaining regulatory oversight.
Methodology
The methodology includes robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, adherence to global financial regulations, and specialized risk management protocols for digital assets. Their approach prioritizes security, regulatory compliance, and the integration of digital asset services into existing financial frameworks.
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