Automated Clearing House (ACH) is a network that facilitates electronic payments and money transfers in the U.S. While traditionally associated with bank transactions, its principles can also apply to cryptocurrency.In a cryptocurrency context, ACH can be used to transfer funds between traditional bank accounts and crypto exchanges. This process allows users to deposit or withdraw money easily, enabling smooth transactions when dealing with digital assets.With ACH, users can initiate transfers through debit or credit transactions. This method offers a secure and efficient way to convert fiat currency into cryptocurrency and vice versa. The ACH network usually takes one to three business days for transactions to clear, making it less instantaneous than blockchain transactions. However, it provides a familiar and accessible option for those new to cryptocurrencies or who prefer using traditional banking methods for their crypto activities. Overall, ACH serves as a bridge between conventional banking and digital currency, promoting wider adoption and usability.
UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the