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The widow of a man turned into a “human bomb” by the IRA has hit out at a controversial law which would effectively end prosecutions linked to The Troubles in Northern Ireland.

MPs have approved the Northern Ireland Troubles (Legacy and Reconciliation) Bill, which will stop new cases and inquests being opened into killings on both sides of the conflict, as it passed its final Commons hurdle.

Patsy Gillespie, from Derry, was strapped into a van and forced to drive a bomb into a British Army checkpoint on the border between Londonderry and Donegal on 24 October 1990.

The device was triggered by remote control and the 43-year-old man was killed along with five soldiers – he managed to save the lives of other troops after shouting a warning to them.

Sinn Fein described him as a “legitimate target” because he worked in the army’s canteen. But no-one has ever been convicted over the atrocity.

The Troubles in Northern Ireland lasted about 30 years from the late 1960s to 1998.

Under the new Westminster law, which has sparked anger from all sides on the island of Ireland, conditional amnesty will be offered to those who reveal information about the incidents to a new truth recovery body.

‘They’re not getting punished’

Speaking to Sky News, Mr Gillespie’s widow Kathleen criticised the legislation, saying: “What they did to Patsy has been condoned and all the other atrocities are being condoned.

“At the end of the day, they’re getting away with what they’ve done. And they think they are these big men, they are trotting about… And they’re not getting punished.

“So let me ask whoever is listening to this. How would you feel if you were in my position? Would you be alright about it.”

She said if one of the men involved in the 1990 attack ever came to her front door asking for forgiveness she said she would “make it very clear there was no forgiveness in me”.

Mrs Gillespie added: “The one question that I would ask is, what made you think it was okay to sit down with other men and plan what you did to my husband?”

Why bill could be biggest test of Anglo-Irish relations in 50 years


David Blevins - Senior Ireland correspondent

David Blevins

Senior Ireland correspondent

@skydavidblevins

Legislation to end historical prosecutions in Northern Ireland could be the biggest test of Anglo-Irish relations in half a century.

It was 1971 when Dublin last brought a case against the UK government to the European Court of Human Rights.

Opposition to the controversial Legacy Bill has created the most unlikely alliance of Unionists, Nationalists, Dublin, Washington and the EU.

The government will focus on the fact that British Army veterans will be granted immunity from prosecution for historical offences.

But the amnesty will also apply to the very terrorists who murdered British soldiers on the streets of Northern Ireland.

Northern Ireland Secretary Chris Heaton-Harris claims the bill will “draw a line under the past”.

But relatives of victims say it only benefits perpetrators because it is they who will choose between truth and justice.

If someone accused of murder provides information to a new Truth Recovery Body, they will be granted a prosecutorial amnesty.

With 3,000 of the 3,500 Troubles murders unresolved, the legacy of the past has clouded the Northern Ireland peace process.

But the cloud won’t be lifted by demanding too high a price from those who have paid most – the victims.

Read more:
The Good Friday Agreement 25 years on
Bloody Sunday: A ‘watershed’ in the history of The Troubles

Gerry Duddy, whose 17-year-old brother Jackie was shot dead by British soldiers on Bloody Sunday in 1972, said he was “very angry” at the new legislation because he “never got any justice”.

He told Sky News: “If I draw a line now, I am letting my brother down and other people that died and to the British Army.

“And I made a promise one time and I intend to keep that promise going for as long as I’m here on this Earth.

“I’m very, very angry. We never got the chance to finally finish grieving. We are still grieving because we never got any justice.”

Gerry Duddy
Image:
Gerry Duddy said he was ‘very, very angry’

Last year, the sister of Jackie Derry urged the soldier who fired the fatal shot to admit it.

Kay Duddy said Jackie cannot rest until that happens and directly appealed to former members of the British Parachute Regiment.

She said: “Please put your hands up and say you did it, so we can lay our wee brother to rest.”

Northern Ireland Secretary Chris Heaton-Harris has said he believes the bill – which will now return to the Lords to be approved before becoming law – will “draw a line under the past”, and it has received support from a number of veterans’ organisations.

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US bank regulator clears national banks to facilitate crypto transactions

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US bank regulator clears national banks to facilitate crypto transactions

The US Office of the Comptroller of the Currency has affirmed that national banks can intermediate cryptocurrency trades as riskless principals without holding the assets on their balance sheets, a move that brings traditional banks a step closer to offering regulated crypto brokerage services.

In an interpretive letter released on Tuesday, the regulator said banks may act as principals in a crypto trade with one customer while simultaneously entering an offsetting trade with another, a structure that mirrors riskless principal activity in traditional markets. 

“Several applicants have discussed how conducting riskless principal crypto-asset transactions would benefit their proposed bank’s customers and business, including by offering additional services in a growing market,” notes the document.

According to the OCC, the move would allow customers “to transact crypto-assets through a regulated bank, as compared to non-regulated or less regulated options.”

Banks, United States, Donald Trump
The OCC’s interpretive letter affirms that riskless principal crypto transactions fall within the “business of banking.” Source: US OCC

The letter also reiterates that banks must confirm the legal permissibility of any crypto activity and ensure it aligns with their chartered powers. Institutions are expected to maintain procedures for monitoring operational, compliance and market risks.

“The main risk in riskless principal transactions is counterparty credit risk (in particular, settlement risk),” reads the letter, adding that “managing counterparty credit risk is integral to the business of banking, and banks are experienced in managing this risk.”

The agency’s guidance cites 12 U.S.C. § 24, which permits national banks to conduct riskless principal transactions as part of the “business of banking.” The letter also draws a distinction between crypto assets that qualify as securities, noting that riskless principal transactions involving securities were already clearly permissible under existing law.

The OCC’s interpretive letter — a nonbinding guidance that outlines the agency’s view of which activities national banks may conduct under existing law — was issued a day after the head of the OCC, Jonathan Gould, said crypto firms seeking a federal bank charter should be treated the same as traditional financial institutions.

According to Gould, the banking system has the “capacity to evolve,” and there is “no justification for considering digital assets differently” than traditional banks, which have offered custody services “electronically for decades.”

Related: Trump’s national security strategy is silent on crypto, blockchain

From ‘Choke Point 2.0’ to pro-crypto policy

Under the Biden administration, some industry groups and lawmakers accused US regulators of pursuing an “Operation Choke Point 2.0” approach that increased supervisory pressure on banks and firms interacting with crypto.

Since President Trump took office in January after pledging to support the sector, the federal government has moved in the opposite direction, adopting a more permissive posture toward digital asset activity.

Magazine: Quantum attacking Bitcoin would be a waste of time: Kevin O’Leary