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Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Offshore accounts work like local bank accounts &ndash; you can access them online and use them to make money transactions. Some outside service businesses offer prepaid debit cards that can be <strong>linked to your offshore account</strong>.</p>\n<p>An offshore account has plenty of benefits. The following are the main ones:</p>\n<ul>\n<li>It offers a secure way to keep your <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-asset/">digital assets</strong></a> or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens on a <strong>mobile app</strong>.</li>\n<li>It offers additional levels of anonymity and protection.</li>\n<li>It provides you with the same rights in terms of loans, debts, and liabilities as a person using <strong>regular banks</strong> has.</li>\n<li>It allows you to hold multiple currencies.</li>\n<li>It provides you with the choice of different investment options.</li>\n<li>It offers financial privacy and asset protection.</li>\n</ul>\n<p><strong>The safest offshore bank countries</strong> include&nbsp;Netherlands, Switzerland, Germany, Norway, <strong>Luxembourg</strong>, and France. These countries guarantee the highest level of confidentiality while preserving and safeguarding depositor information. When it comes to protecting assets from domestic lawsuits, this level of secrecy is particularly useful.</p>\n<p>Using an offshore account to trade <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies makes the process a lot easier. It <strong>removes a lot of obstacles</strong> for regular traders, and, in some cases, it's the only way to actually get reasonable tax returns.&nbsp;</p>\n<p>However, opening an offshore account might be a bit hard and there might be some restrictions based on your nationality. Therefore, you should consult with professionals to choose an offshore bank that is the best option for you.</p>","level":"easy","meta_title":"What is Offshore Account? 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The phrase &ldquo;non-fungible&rdquo; describes an NFT or a single indivisible object. Different from other scenarios when a token describes an actual virtual asset or contract, an NFT describes the <strong>indivisible virtual item.</strong></p>\n<p>In essence, fungibility determines if something is unique or not. It is an essential component of a digital asset&rsquo;s identity that can evaluate what parts they might need to take on.</p>\n<p>The main differences between non-fungible assets (NFAs) and NFTs:</p>\n<ul>\n<li><strong>Single participant.</strong> NFAs have only one participant, apart from the issuer, that can hold units of this asset.</li>\n<li>Fixed identity. The identity of the participant is linked with the asset, therefore, it can&rsquo;t be changed. There is an unbreakable link between the asset and the identity of the participant for whom it was issued.</li>\n</ul>\n<p>So, NFAs and NFTs are definitely not the same. For instance, NFAs can be used to enable contact <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-baking/">baking on a blockchain. This is the case because the technology guarantees a completely secure and compliant translation of values <strong>from each client's account</strong> (which is implemented as its own distinct digital asset that only the client can retain) to the target account.</p>\n<p>Besides, NFAs differ from NFTs in that they can be held by anybody and can reflect more than one \"<strong>item</strong>.\" This is a game-changer for certain organizations. Storage certificates, for instance, may now be supplied to customers safely and without the danger of tampering.</p>","level":"easy","meta_title":"What are Non-Fungible Assets? Definition & Meaning | Crypto Wiki","meta_description":"Non-Fungible Assets meaning: Non-Fungible Assets - The term non-fungible assets refers to non-fungibility within a group of similar assets being produced by a single party.","meta_keywords":null,"language":"en","created_at":"2022-04-11T06:05:39.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-non-fungible-assets"},"currentChapter":"O","currentSection":"what-is-office-of-the-comptroller-of-the-currency-occ","chapterTitle":"O","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-office-of-the-comptroller-of-the-currency-occ","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">
Handbook Cover Page
Crypto Terms: Letter O

What is Office of the Comptroller of the Currency (OCC)?

Office of the Comptroller of the Currency (OCC) MEANING:
Office of the Comptroller of the Currency (OCC) - a branch of the United States Treasury responsible for overseeing all federal savings associations, federal branches, national banks, and foreign bank agencies.
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Let's find out Office of the Comptroller of the Currency (OCC) meaning, definition in crypto, what is Office of the Comptroller of the Currency (OCC), and all other detailed facts.

The Office of the Comptroller of the Currency (OCC) is a branch of the US Treasury created in 1863 that is responsible for overseeing all federal savings associations, federal branches, national banks, and foreign bank agencies in the United States.

The OCC's mandate is derived from the Bank Secrecy Act (BSA), and it issues bulletins and advisories on a regular basis to ensure that the BSA's anti-money laundering (AML) rules are enforced consistently.

In 2020, the OCC led by ex-Coinbase executive Brian Brooks made a splash with a few progressive digital asset reforms and initiatives. These reforms aimed at clarifying OCC crypto policy and assisting the US banks in providing custodial services to their customers.
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