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The United States Office of the Comptroller of the Currency (OCC) officially announced the establishment of its Office of Financial Technology on March 30. The new office will broaden the OCC’s technology focus and help it stay abreast of the rapid developments in the banking industry, it said.The Office of
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The Office of the Comptroller of the Currency (OCC) released its 2022 Bank Supervision Operating Plan on Friday and for the first time, crypto made the cut.In its report, the federal banking regulator listed its 11 supervisory priorities for the fiscal year that ends next September, including cybersecurity, climate change
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Bitcoin is booming again as crypto-bull Brian Brooks pushes through his “open access” banking rules before stepping down as the top U.S. banking regulator.Top shelfGoing public?The Winklevoss twins are considering taking Gemini Trust, the cryptocurrency exchange and custodian founded in 2014, public, according to a Bloomberg interview. “We are definitely
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U.S. banks are looking at ways to handle crypto adoption in the wake of the Office of the Comptroller of the Currency’s (OCC) July decision to allow banks to provide custody for cryptocurrencies, Acting Comptroller Brian Brooks said in a podcast. That may mean partnering with or purchasing custodians, he said. Source
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An unsurprising statement from a financial regulator is sending some welcome signals that point to a spurt of innovation ahead.The U.S. Office of the Comptroller of the Currency (OCC) issued a statement earlier this week saying that national banks can provide services to stablecoin issuers in the U.S. This is not
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The OCC published guidance clarifying that federally-regulated banks can work with stablecoin issuers, the ECB thinks stablecoin is a “misleading” term and a group of banking veterans has spun up a new crypto fund. Top shelfBitcoin fundsBanking veterans who have steered divisions at HSBC, Barclays, Citigroup and Merrill Lynch in the
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