South Korea Considers No-Fault Liability for Crypto Operators

The post OCC Confirms Banks Can Facilitate No-Risk Crypto Transactions appeared on BitcoinEthereumNews.com. U.S. national banks have been passed by the Office of the Comptroller of the Currency (OCC) to enable their customers perform instant crypto trades with no risk. This decision has cleared a significant obstacle in the way of banks that desire to be part of the expanding digital assets market. Banks Receive Clarity on Crypto Trading Authority  Interpretive Letter 1188 states that a bank can be an intermediary in crypto transactions without having digital assets in its possession. The OCC clarified that one client may sell a crypto asset to one bank and that bank will sell the asset to the other client at the same time. Since the two trades take place virtually at the same time the bank does not have an exposure to the market. The license provides banks with a regulated structure to provide crypto trading services. This is in line with preceding actions like enabling banks to hold major crypto assets. Another explanation that OCC provides is that the role of the bank is not to trade digital assets. Instead, the only responsibility of the bank is linking the sellers and the buyers. OCC Reinforces Bank’s Crypto Oversight The regulator mentioned that such transactions carry a limited amount of settlement risk. The decision is an update of a previous guidance that permitted crypto custody and some stablecoin transactions. The latest clarification strengthens the same allowances but indicates continued regulation of responsible crypto services in the banking space. With this, the banks are now enabled to provide customers with a secure means of accessing digital assets in compliance with federal regulations. The OCC stressed that institutions need to continue having robust risk controls, such as cybersecurity controls and compliance programs. Hence, all their operations can be safe and in line with current rules. How Institutions Might…

The post UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future appeared on BitcoinEthereumNews.com. Key Highlights Microsoft and Google pledge billions as part of UK US tech partnership Nvidia to deploy 120,000 GPUs with British firm Nscale in Project Stargate Deal positions UK as an innovation hub rivaling global tech powers UK and US Seal $42 Billion Tech Pact Driving AI and Energy Future The UK and the US have signed a “Technological Prosperity Agreement” that paves the way for joint projects in artificial intelligence, quantum computing, and nuclear energy, according to Reuters. Donald Trump and King Charles review the guard of honour at Windsor Castle, 17 September 2025. Image: Kirsty Wigglesworth/Reuters The agreement was unveiled ahead of U.S. President Donald Trump’s second state visit to the UK, marking a historic moment in transatlantic technology cooperation. Billions Flow Into the UK Tech Sector As part of the deal, major American corporations pledged to invest $42 billion in the UK. Microsoft leads with a $30 billion investment to expand cloud and AI infrastructure, including the construction of a new supercomputer in Loughton. Nvidia will deploy 120,000 GPUs, including up to 60,000 Grace Blackwell Ultra chips—in partnership with the British company Nscale as part of Project Stargate. Google is contributing $6.8 billion to build a data center in Waltham Cross and expand DeepMind research. Other companies are joining as well. CoreWeave announced a $3.4 billion investment in data centers, while Salesforce, Scale AI, BlackRock, Oracle, and AWS confirmed additional investments ranging from hundreds of millions to several billion dollars. UK Positions Itself as a Global Innovation Hub British Prime Minister Keir Starmer said the deal could impact millions of lives across the Atlantic. He stressed that the UK aims to position itself as an investment hub with lighter regulations than the European Union. Nvidia spokesman David Hogan noted the significance of the agreement, saying it would…

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