Search Results: Blockchain

OCC Clarifies That Federally Chartered Banks and Thrifts May Engage in Certain Stablecoin Activities

On September 21, the Office of the Comptroller of the Currency (OCC) published an interpretive letter clarifying the authority of national banks and federal savings associations to hold “reserves” on behalf of customers who issue certain stablecoins (cryptocurrency backed by an asset such as a fiat currency, including U.S. dollars or other…

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