US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head
Acting OCC head, Michael Hsu, wants greater inter-agency cooperation in establishing regulatory guidelines for the crypto sector. Go to Source Powered by WPeMatico
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US Regulators Urgently Working on Joint Cryptocurrency Regulation: Fed’s Quarles Says It’s ‘High Priority’
U.S. government agencies are urgently working together on a joint regulatory framework for cryptocurrencies, Federal Reserve Vice Chair of Supervision Randal Quarles has confirmed. “We along with the OCC and the FDIC are engaged right now in what we are calling a sprint in seeking to pull together views on” crypto regulation. US Agencies Collaborating … Read more
Fraudsters Impersonate a US Federal Agency by Sending Emails Asking for Bitcoin Wallet Keys
U.S. consumers have been receiving fake emails that attempt to impersonate a federal regulatory agency which has raised alarms among crypto community members. The U.S. Office of the Comptroller of the Currency (OCC) warned that such bogus messages ask people for their bitcoin wallet keys. Fictitious Message Contains Several Grammar Mistakes and Typos According to … Read more
Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership
The 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 … Read more
Crypto crash has legislators considering new regulations to protect consumers
U.S. regulators are growing concerned in a week that has seen BTC lose a quarter of its value Go to Source Powered by WPeMatico
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
The 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 … Read more
Paxos receives ‘preliminary conditional approval’ for US bank charter
The stablecoin issuer has nabbed a banking license, but it doesn’t mean they’ll be doing any banking in the traditional sense. Go to Source Powered by WPeMatico
Former Comptroller of the Currency Brian Brooks to Lead Binance’s US Trading Platform
A 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 … Read more
Brian Brooks defends fintech charter to House Financial Services Committee
Brian Brooks has defended the fintech charter he oversaw while heading the OCC, warning heavy-handed crypto regulations could undermine U.S. competitiveness globally. Go to Source Powered by WPeMatico
Former Ripple advisor set to become Comptroller of the Currency: WSJ
President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currency. Go to Source Powered by WPeMatico