OTCbid - Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

" Cryptocurrency prices jumped Monday evening after the U.S. Office of the Comptroller of the Currency (OCC) issued a letter approving U.S. banks to use public blockchain networks.

Ether (ETH, -0.93%) jumped nearly 12% on the letter’s release, given Ethereum’s dominance as a stablecoin payment settlement protocol, and bitcoin (BTC, +3.95%) gained 5%. Both leading cryptocurrencies almost fully retraced Sunday evening’s losses.

“After a flurry of negative regulatory news, investors are pleased to see positive regulatory news allowing stablecoin and public blockchain integration into the traditional banking sector,” said Justin Yashouafar, managing partner at Santa Monica-based Blockhead Capital. " - Read Full Article

Source: Coindesk


-5% Gross, -1% Net, Escrow Law Firm, Hong Kong

Look For Buyer Mandate Only -

NEW: 2000 BTC @ -5% gross, -1% net, Escrow Law Firm, Hong Kong - Look For Buyer

(Seller : JD....PS)

Post: 6.1.21


  • Seller in HK is selling 2000 BTC @ -5% gross, -1% net

  • Buyer = 1%

  • Buyer mandate = 1%

  • Seller mandate = 1%

  • Buyer intermediary = 1%

  • Seller intermediary = 1%

  • Escrow fee = Paid by Seller​

  • First tranche: 400 BTC.

  • Not compulsory to purchase 2,000 BTC.


  • Escrow Company: Seller is using an escrow company in Hong Kong for all his transactions. Seller has on boarded KYC/AML with the escrow.

  • Proof of coins: On the day of POC, Seller will log into his Trezor wallet and provide a current screenshot of the seller's Trezor wallet showing wallet address and BTC balance and buyer will confirm on blockchain.


  • 1) DOA signed first between seller and buyer

  • 2) POC provided to buyer

  • 3) Escrow company contacted by buyer/seller to sign the escrow agreement and buyer sends funds to escrow company.

  • 4) Escrow confirms receipt of funds and coins sent to the buyer directly.

  • 5) Buyer confirms the receipt of the BTC, then escrow will release payment to the seller and both mandates.

  • Buyer side needs to prepare a paymaster genealogy as the escrow will only pay to one paymaster on each side.



Interested parties should contact :



  • DM Raymond Chai (on Linkedin)

  • Telegram @OTCbiddotcom

  • Telegram: +1 (786) 632 8577


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