The Paypers

JANUARY 5, 2021

The US Office of the Comptroller of the Currency has given the green light to national banks and federal savings institutions to use public blockchains and stablecoins for settlement.

Office of the Comptroller of the Currency

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments.

Financial Inclusion

PYMNTS

NOVEMBER 1, 2020

Acting Comptroller Brian Brooks , speaking on a podcast recently, said banks in the U.S. were exploring ways to adopt crypto after the Office of the Comptroller of the Currency (OCC) made a decision over the summer letting banks provide custody of crypto.

Office of the Comptroller of the Currency

PYMNTS

FEBRUARY 22, 2019

Office of the Comptroller of the Currency (OCC), over deficiencies that the OCC identified in the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. 20), it was reported that MUFG was testing blockchain technology to digitize the paper check. 22) that it was entering into a consent order with the U.S.

OCC

CB Insights

MAY 3, 2021

Paxos , which offers regulated blockchain solutions, has raised a $300M Series D. New York-based Paxos is a blockchain infrastructure platform that provides cryptocurrency services, like crypto trading and settlement or custody, to enterprises. How’s the company performing? Want the full post? Become a CB Insights customer.

Office of the Comptroller of the Currency

PYMNTS

NOVEMBER 4, 2020

In September, the Office of the Comptroller of the Currency (OCC) clarified the authority for national banks and federal savings associations to hold reserves on behalf of customers who issue stablecoins (those coins have to have a one-to-one relationship with a fiat currency).

Bitcoin

PYMNTS

DECEMBER 24, 2020

Office of the Comptroller of the Currency announced that banks could hold reserves on behalf of customers who issue stablecoins — which are, of course, a form of crypto but are pegged to an underlying asset such as a dollar. Over the summer, the U.S. Bitcoin is like a [crypto] 101 version. Dollars Done Digitally.

Federal Reserve

The Paypers

JUNE 8, 2020

The Office of the Comptroller of the Currency (OCC) has been seeking public input on how it regulates new technologies and digital banking activities, including cryptocurrencies and blockchain tools.

Office of the Comptroller of the Currency

PYMNTS

JUNE 8, 2016

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. Consumer demand for efficiency was also evidenced by a report from the U.S.

Faster Payments

PYMNTS

SEPTEMBER 17, 2018

Or to put it a bit more specifically, the Conference of State Bank Supervisors sued the Office of the Comptroller of the Currency. Separately but still in the GDPR arena, Brave , a blockchain browser developed by Mozilla co-founder Brendan Eich, has filed privacy complaints against Google in the U.K.

OCC

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Jack Tate told CoinDesk.

Office of the Comptroller of the Currency

CB Insights

NOVEMBER 2, 2017

The next wave of regtech will leverage advanced technology like machine learning, natural language processing (NLP), and blockchain to replace old policies and procedures. Office of the Comptroller of the Currency, the CFPB, and the city attorney. Today, solutions are complementing existing workflow.

Compliance

PYMNTS

JUNE 9, 2018

Blockchain babies : Immutable ledger. The linkup between AID:Tech and PharmAccess Foundation means that digital identities and blockchain technology come together to track new entrants into the world and ensure they get aid and government services to which they are entitled. Faster payments, sure, and guaranteed payments, even better.

Office of the Comptroller of the Currency

CB Insights

FEBRUARY 16, 2021

Blockchain has the potential to disrupt nearly every industry. Read our What Is Blockchain explainer for more.). Furthermore, in December 2020, payments giant Visa announced a partnership with USDC parent Circle to issue corporate credit cards using USDC as currency. These are stablecoins backed by other cryptocurrencies.

Stablecoins

PYMNTS

AUGUST 5, 2019

The Office of the Comptroller of the Currency (OCC) said via press release that it will realign about 150 staff members in two new units, tied to bank supervision support, risk analysis and the oversight of national trust banks and important service providers.

FTC

PYMNTS

NOVEMBER 28, 2016

Office of the Comptroller of the Currency, meanwhile, is exploring revised sanctions guidelines against banks in the wake of the Wells Fargo case. 36 members of R3 are eyeing a $59M investment in the blockchain consortium , but it may not be cause for celebration: It’s less than half of what R3 had hoped to raise.

Office of the Comptroller of the Currency

PYMNTS

AUGUST 7, 2018

The Office of the Comptroller of the Currency has said in the past week that it has invited FinTechs to seek national charters. That combined effort will explore joint product development and sales opportunities for its corporate blockchain solutions. And yet might all of these trends be unsettled in short order?

FinTech

Fintech Labs Insights

JANUARY 8, 2017

Office of the Comptroller of the Currency (OCC) questions the ability of banks to respond “to the evolving demands for financial services and the entrance of new competitors, such as out-of-market banks and fintech firms” in its semi-annual risk report. Blockchain.

FinTech

PYMNTS

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities.

Stablecoins

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. The rapid evolution of technologies such as blockchain, artificial intelligence, and biometrics introduces novel risks and complexities in the payment ecosystem.

Regulations

PYMNTS

NOVEMBER 6, 2017

One thing that won’t be in the offing: A “one ring to bind them all” approach that Madhu said is part of the notion, for example, of blockchain ID. That is going to be a disaster,” he said, because “already there are multiple blockchains.”. So, what does the future hold?

Security

PYMNTS

AUGUST 13, 2018

Virtual currency is an example of that dual-edged sword. Blanco stated that “major money services businesses are looking at how to incorporate blockchain payments to expedite remittances to locations around the world. And in GDPR-related news, engadget.com reports that more than one thousand U.S.

Fincen

PYMNTS

AUGUST 6, 2018

The report also calls for the Office of the Comptroller of the Currency (OCC) to allow FinTech firms to operate across every state, taking a page from the way banks operate. After the Treasury report debuted, the OCC advocated such charters, as well.

Treasury

The Payments Association

MARCH 18, 2025

CBDCs remain of interest, but uncertainties persistinteroperability with USDC, blockchain choice, supply limits, and cross-border use. In 2024, global investment in crypto and blockchain began to recover, reaching $3.2 A strong regulatory framework is needed to align traditional banking with crypto.

Federal Reserve

The Payments Association

JANUARY 31, 2025

It further undertakes “ to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy ” Highlights of the Order are outlined below. Fact Sheet ) The Working Group will be chaired by David Sacks, the special advisor for AI and Crypto.

Stablecoins