Tag: occ

Feb 05 2021

Protego Becomes Second Crypto Firm to Win Bank Charter From OCC

The conditional approval from the U.S. banking regulator follows Anchorage's approval last month.

Jan 28 2021

OCC Halts Fair Access Banking Rule

The rule would have prohibited US banks from denying services based on ideological factors.

Jan 26 2021

State of Crypto: Unpacking the Trump Presidency’s Crypto Legacy

Donald Trump may have been anti-crypto but his appointed regulators ushered in a largely industry-friendly regime.

Jan 25 2021

Senate Confirms Janet Yellen as US Treasury Secretary

Jan 25 2021 Published at CoinDesk under tags  cftc janet yellen news occ policy & regulation

Yellen succeeds Steven Mnuchin in running the U.S. government’s treasury. Here’s what she will oversee in the crypto world.

Jan 21 2021

Former Ripple Advisor Expected to Lead OCC Under Biden

Jan 21 2021 Published at Crypto Briefing under tags  joe biden markets occ

According to a report by The Wall Street Journal, President Joe Biden is set to nominate Michael Barr as the head of the Office of the Comptroller of the Currency (OCC). Biden Administration May Tap Ex-Ripple Advisor for OCC Barr served as the Assistant...

Former Ripple Board Member Tapped to Lead Biden’s OCC: WSJ

Jan 21 2021 Published at CoinDesk under tags  michael barr news occ policy & regulation ripple

The Wall Street Journal is reporting former Treasury official Michael Barr will replace Brian Brooks as Comptroller of the Currency.

Jan 14 2021

OCC Grants First-Ever National Crypto Bank Charter

Jan 14 2021 Published at Crypto Briefing under tags  anchorage banking business occ

Anchorage is set to become a digital bank. The crypto company has received approval for a charter from the OCC. Anchorage Becomes Digital Bank Anchorage has been granted conditional approval for a bank charter from the Office of the Comptroller of Currency (...

Jan 13 2021

OCC Chief Brian Brooks Is Stepping Down Thursday

Acting Comptroller of the Currency Brian Brooks will be stepping down on Jan. 14, he confirmed Wednesday.

Anchorage Becomes First OCC-Approved National Crypto Bank

The crypto industry has its first federally chartered bank: Anchorage.

Financial Censorship After Capitol Riot ‘Truly Chilling,’ Says OCC Chief Brian Brooks

“Money might be controlled by a handful of elites,” the departing bank regulator said at a Wednesday event. “Crypto is about freedom.”

Jan 12 2021

How the OCC Is Building Crypto America (and Saving Banks From Extinction)

Jan 12 2021 Published at CoinDesk under tags  occ opinion policy & regulation

Three interpretative letters from the Office of the Comptroller of the Currency lay the groundwork for banks to become crypto custodians, payment companies and miners in blockchain networks.

Brian Brooks, Crypto-Friendly Bank Regulator, Expected to Step Down This Week: Report

The Acting OCC head will reportedly end his brief tenure running the federal banking regulator by the end of the week.

Jan 10 2021

Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge

The latest OCC statement, which opens the door for banks to use blockchains to validate payments, hints at more than just better services.

Jan 06 2021

ShapeShift Removes KYC Requirements Amid Growing Regulatory Clampdowns

Jan 06 2021 Published at Coingape under tags  crypto trading kyc news occ regulation news

ShapeShift, a popular crypto trading platfrom today announced that they are doing away with all kinds of KYC requirements on their platform starting today in an...

Jan 05 2021

Most Important Crypto Regulation Yet? Banks Can Treat Public Blockchains Like SWIFT and ACH

A new interpretive letter from the Office of the Comptroller of the Currency paves the way for stablecoins and public blockchains to be fully integrated in the financial infrastructure.

OCC Greenlights the Use of Stablecoin by Federal Banks

The Office of the Comptroller of the Currency (“OCC”), the largest regulator of federal banks in the US on Monday published...

Crypto Markets Jump on OCC Approval for Banks to Use Blockchains

The price of bitcoin and native tokens for other stablecoin-supporting blockchains jumped after the OCC approved banks to use public blockchains.

Jan 04 2021

US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

Jan 04 2021 Published at CoinDesk under tags  banks brian brooks news occ policy & regulation

Banks can act as nodes on a blockchain or conduct payments using stablecoins, the OCC said Monday.

Dec 22 2020

Why Is the Proposed FinCEN Rule for Unhosted Wallets Being Pushed So Quickly?

Dec 22 2020 Published at Unchained Podcast under tags  2020 banks bitcoin blockchain crypto

Jeremy Allaire of Circle Pay and Kristin Smith of the Blockchain Association explain the impact of and motivation behind Treasury Secretary Steve Mnuchin’s proposed FinCEN rule that targets “unhosted” wallets. In this episode, they cover: what the new FinCEN rule says, and how it would impact unhosted or self-hosted wallets, as...

Dec 15 2020

OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers

Dec 15 2020 Published at CoinDesk under tags  banks fintech news occ stablecoins

The OCC's head economist said in a paper that chartering stablecoin providers would offer benefits to consumers, as well as to the firms themselves.

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