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OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation
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 interests of powerful banks that may be against […]
The post OCC Chief Says Americans Gravitating Toward Digital Currencies: Urges Banks to Embrace Innovation appeared first on Bitcoin News.
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Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached
One of the major problems for businesses in the cryptocurrency industry is finding a bank that agrees to work with them and connect them to the traditional fiat financial system. The financial regulator in Switzerland has just made this easier by licensing two companies to serve as tailored banks for the industry and further open […]
The post Switzerland Approves Bitcoin Banks – But With Strict Conditions Attached appeared first on Bitcoin News.
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Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law
Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s […]
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Swiss Banks Are Onboarding Crypto Clients and Assets
Another Swiss private bank has announced in a statement that it’s open to on-board cryptocurrencies. Maerki Baumann private bank in Zurich is open to accepting assets that were generated with cryptocurrencies, “under the condition that strict regulatory and legal requirements are fully complied with,” Managing Director Stephan Zwahlen told news.Bitcoin.com. Also read: Many Swiss Bankers and Financial […]
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Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking
In Bitcoin in Brief today, billionaire Warren Buffett has been reminded that he was wrong about Google and Amazon, and told he might be wrong about bitcoin, too. Billboards have appeared outside his office to convey the message of the crypto community. Also, a report suggests that the US cryptocurrency exchange Coinbase may apply for […]
The post Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking appeared first on Bitcoin News.
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