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

“Everything is at risk” if financial technology is politicized, said Acting Comptroller of the Currency Brian Brooks.  Speaking at a public event hosted by blockchain analysis firm Elliptic on Wednesday, Brooks said the world needs to stop politicizing tech, pointing to the reaction after an attempted insurrection in Washington, D.C., last week that saw supporters […]

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US Federal Regulator Says Banks Can Conduct Payments Using Stablecoins

Federally regulated banks can use stablecoins to conduct payments and other activities, the Office of the Comptroller of the Currency (OCC) said Monday. The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could participate in independent node verification networks (INVNs, otherwise known as blockchain networks) or use stablecoins. […]

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OCC Economist Cites Benefits of Issuing Bank Charters to Stablecoin Providers

The chief economist of the Office of the Comptroller of the Currency (OCC), a banking regulator within the U.S. Treasury, believes issuing national bank charters to “fintech shadow banks” could bring “substantial advantages.” In a paper titled “Chartering the FinTech Future,” Charles Calomiris set out how stablecoin providers chartered as banks that do not rely […]

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