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US Regulators and Federal Reserve Issue Joint Warning About Crypto Liquidity Risks
25.2.2023
U.S. regulators and the Federal Reserve have issued a joint warning about key liquidity risks associated with crypto assets. However, the regulators clarified that banks “are neither prohibited nor discouraged from providing banking services to customers of any specific class or type,...
OCC's Hsu says regulators are 'spending too much time' on crypto: Reuters
14.10.2022
Michael Hsu stated that it is starting to worry him that “we’re not spending that time and attention on some other things," like fintech, which he described as the “future.”
US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance
5.12.2020
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC's crypto guidance after he takes office next year
US Representatives Rip OCC, Brooks for ‘Excessive Focus’ on Crypto
11.11.2020
Congressional Democrats blasted the OCC and Acting Comptroller Brooks for spending time on crypto during a pandemic
OCC’s Brian Brooks Against Government Issued Digital Dollar – Supports Regulation of Privately Issued Stablecoins
31.10.2020
The acting director of the U.S. Office Comptroller of Currency (OCC) Brian Brooks says the creation of the U.S. digital dollar is a terrible one because the government is not good at building things. Instead, Brooks believes tech companies, which already possess the know-how, to be in a better...
Microstrategy’s $250 Million Bitcoin Buy Consequential
2.9.2020
When a publicly owned company decides to invest about $250 million in an asset that was widely attacked more than a decade ago, it says a lot about how the world has changed. The reasons and the timing of Microstrategy’s bitcoin incursion could not have come at a better time for...
OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
21.8.2020
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in the future. He insists changing consumer needs must be prioritized over...
The OCC’s Crypto Custody Letter Was Years in the Making
18.8.2020
The Office of the Comptroller of the Currency has been evaluating the cryptocurrency space for years, well before it publicly announced banks could provide services in the field last month
OKCoin Says Institutional Investors Benefit Most From OCC Crypto Clarity
2.8.2020
OKCoin says recent U.S. regulatory clarity on digital asset custody is significant for big money players
Don’t Expect Banks to Jump on the OCC Crypto Custody News
23.7.2020
The OCC's ruling means nationally chartered banks can now custody crypto. But, given relatively low level of institutional interest, don't count on services appearing soon
US Regulator Green-Lights Banks for Cryptocurrency Custody Services
23.7.2020
The Office of the Comptroller of the Currency (OCC) has clarified that national banks and federal savings associations can provide cryptocurrency custody services for customers. The OCC sees banks providing crypto custody services as “a modern form of traditional bank activities related...