Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership

Top US Banking Regulator to Review Cryptocurrency Standards Under New LeadershipThe new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trust charters and halt the approval of any additional charters to nonbank entities” during the review. Top Banking Regulator Reviewing Crypto Policy […]

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OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter

OCC Grants Crypto Firm Paxos 'Conditional Approval' for US Bank CharterThe digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The U.S. Office of the Comptroller of the Currency issued a preliminary conditional approval which means the regulating entity still has to authorize the firm’s future banking plans. Paxos Granted Preliminary […]

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Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform

Former Comptroller of the Currency Brian Brooks to Lead Binance's US Trading PlatformA former top regulator and acting head of the U.S. Comptroller of the Currency, Brian Brooks has been appointed the CEO of crypto exchange Binance.us. Brooks will lead the exchange on May 1st and replace the company’s current lead, Catherine Coley. Binance has hired an individual with ties to Washington, as the company’s American trading […]

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Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities

Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment ActivitiesThe top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains and Stablecoins The Office of the Comptroller of the […]

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