Payments Source

JANUARY 5, 2021

Several government agencies have made deeper moves into crypto oversight, leaving a trail of angry executives and unresolved political questions. And there's still no sign of a central bank digital currency, leaving the U.S. at risk of falling behind other countries in the race to support faster payment processing.

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Fincen OCC Digital Currency Central Bank 154

PYMNTS

OCTOBER 26, 2018

Today’s coverage includes the latest on how Visa views cryptocurrencies, and Expedia’s fresh plan to take on Airbnb. Moody’s has news about the charge-off climate, chocolate is getting more expensive and the OCC’s bank charter plan faces more trouble. Visa Doesn’t View Cryptocurrency As a Business Threat.

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Cryptocurrency Office of the Comptroller of the Currency Regs OCC 75

PYMNTS

SEPTEMBER 23, 2020

In today’s top news in digital-first banking, the Office of the Comptroller of the Currency (OCC) has issued stablecoin guidance, and Deutsche Bank intends to decrease the size of its brick-and-mortar footprint. A letter by the OCC published on Monday (Sept. Federal Banks, Savings Associations Win Approval For Some Crypto Activities.

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OCC Office of the Comptroller of the Currency Stablecoins Reconciliation 85

Payments Source

AUGUST 13, 2020

Appearing to support decentralized systems, the acting comptroller of the currency said on a podcast that "the ultimate public ownership of the payment rails is when you have a network, like the internet, of interconnected institutions and computers.".

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OCC Governance Government Payments 118

PYMNTS

JANUARY 21, 2021

In today’s top news, President Biden is expected to pick Michael Barr to head the OCC, and Janet Yellen, Biden’s pick for Treasury Secretary, is expected to take a hard stance toward crypto. Biden Expected To Name Professor Michael Barr To Head OCC. Plus, the chief of the CFPB stepped down at Biden’s request.

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OCC Consumer Financial Protection Bureau (CFPB) Treasury Office of the Comptroller of the Currency 72

Payments Source

JANUARY 5, 2021

The digital currency and related distributed-ledger technologies could "enhance the efficiency, effectiveness and stability of the provision of payments," according to an interpretive letter issued by the Office of the Comptroller of the Currency.

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Office of the Comptroller of the Currency OCC Stablecoins Process 105

PYMNTS

JULY 22, 2020

Banks chartered by the federal government can offer digital currency custody services, the Office of the Comptroller of the Currency (OCC) said in a Wednesday (July 22) announcement.

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OCC Office of the Comptroller of the Currency Digital Currency Bitcoin 63

PYMNTS

NOVEMBER 4, 2020

Toward that end, and more mainstream use cases, getting the rails in place to speed and streamline transactions, regardless of the cryptocurrency used, remains key. As spotlighted in this space , Ternio said it has joined Visa’s Fast Track as a cryptocurrency-focused enablement partner.

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Bitcoin Cryptocurrency Office of the Comptroller of the Currency Consumer 83

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. After receiving payments, the conspirators would convert them to cryptocurrency and send that to money launderers abroad, like Iossifov.

Money Laundering 52

Money Laundering Office of the Comptroller of the Currency OCC Online and Mobile Banking 52

PYMNTS

OCTOBER 12, 2020

while cryptocurrency exchange Kraken Financial won a bank license in Wyoming last month, and state financial regulators have had a contentious debate with OCC regulators over a special charter for FinTech firms. Revolut has seen losses tripling as recently as August, with $139.6

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Federal Reserve OCC Agreements Regulations 107

PYMNTS

NOVEMBER 1, 2020

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. The Indian cryptocurrency market is continuing to grow exponentially as crypto-centric bank UNICAS prepares to open with 34 branches, Cointelegraph writes.

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Office of the Comptroller of the Currency Bitcoin OCC Accreditation 84

The Paypers

JULY 23, 2020

US-based bank regulator OCC has posted a letter clarifying national banks’ and federal savings associations’ authority to provide cryptocurrency custody services for customers.

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OCC Cryptocurrency Authorization Regulations 28

Fintech Finance

DECEMBER 9, 2024

AGENDA HIGHLIGHTS: The Next Generation of Payments Enhancing Convenient and Secure Access to Financial Services The Next Digital Revolution Global Mobile Wallets and Super-apps Blockchain and Cryptocurrency Adoption Cross-Border Payment Innovations The Future of Financial Crime Levels of Connection – 2.0 Morgan Chase & Co.

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Office of the Comptroller of the Currency Financial Crimes BSA Cross-Border Payments 95

The Paypers

FEBRUARY 6, 2024

Vast Bank has decided to shut down its mobile crypto app and exit the cryptocurrency industry after receiving a consent order from the Office of the Comptroller of the Currency (OCC) in October 2023.

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Office of the Comptroller of the Currency OCC Cryptocurrency 45

Payments Source

JULY 29, 2019

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC.

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Regulations OCC FinTech Laws 62

PYMNTS

SEPTEMBER 21, 2020

The Office of the Comptroller of the Currency (OCC) released a letter that explained the authority of federal savings associations and national banks to keep “reserves” for clients who are issuers of stablecoins in some cases, according to a Monday (Sept. 21) press release. Acting Comptroller of the Currency Brian P.

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Office of the Comptroller of the Currency Stablecoins Fraud Prevention OCC 68

CB Insights

FEBRUARY 16, 2021

Among plenty of emerging use cases, the technology aims to create a new and improved payments system for the world — one that’s secure, transparent, decentralized, fast, and uses cryptocurrencies (types of digital cash) as a means of exchange. But the value of most cryptocurrencies, especially bitcoin, fluctuates on a daily basis.

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Stablecoins Cryptocurrency Multi-Currency Bitcoin 101

PYMNTS

AUGUST 3, 2020

Morgan’s initiatives in cryptocurrency and stablecoin technology have ramped up in recent months, for instance. There are currently three community banks in the market that provide services to the digital asset arena: Signature Bank , Silvergate Bank and Metropolitan Commercial Bank.

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Real Time Payments Office of the Comptroller of the Currency Treasury Settlement 117

PYMNTS

JULY 26, 2020

On July 22, the federal Comptroller of the Currency issued a notice clarifying that federally chartered banks could provide custody service for cryptocurrency assets. The new banking options are largely built around blockchain technologies.

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Settlement OCC Stablecoins Cryptocurrency 61

PYMNTS

MARCH 4, 2020

In February 2018, FinCEN collaborated with the Office of the Comptroller of the Currency (OCC) and the U.S. The OCC also warned U.S. 10, with new regulations for cryptocurrencies, wallets and exchanges. “FinCEN encourages technological innovations to help fight money laundering, but technology must be used properly.” .

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AML Suspicious Activity Report (SAR) Fincen BSA 52

PYMNTS

FEBRUARY 6, 2018

The goal is to make it easier for firms that offer money transfers and cryptocurrency trading services to operate nationwide. Separately, the Office of the Comptroller of the Currency (OCC) has offered its own proposals to ease the process for FinTech firms looking to expand their reach.

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Office of the Comptroller of the Currency OCC FinTech Non-Bank 47

PYMNTS

JANUARY 14, 2021

As quoted by Reuters, she termed the cryptocurrency a “highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” As reported by Reuters this week, Lagarde said at a conference sponsored by the newswire that bitcoin should be regulated — worldwide.

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Money Laundering Bitcoin Regulations Central Bank 61

PYMNTS

AUGUST 5, 2019

There has been no summer slowdown for regulatory overtures toward technology firms, spanning social media, antitrust concerns and the cryptocurrency arenas. The OCC, Too. Cryptocurrencies want to take over where our public institutions have failed.”

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FTC OCC Office of the Comptroller of the Currency Digital Currency 49

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.

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Office of the Comptroller of the Currency OCC Regulations Cryptocurrency 31

CB Insights

MAY 3, 2021

New York-based Paxos is a blockchain infrastructure platform that provides cryptocurrency services, like crypto trading and settlement or custody, to enterprises. The company offers a variety of products, like crypto brokerage APIs, settlement services, a cryptocurrency exchange named itBit, and stablecoins.

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Office of the Comptroller of the Currency PayPal Blockchain OCC 37

PYMNTS

MAY 11, 2020

Office of the Comptroller of the Currency (OCC) Chief Operating Officer Brian Brooks said he thinks digital currency firms could go under a federal licensing program in the event they offer what could be called payment services, CoinDesk reported.

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Office of the Comptroller of the Currency Digital Currency Blockchain OCC 67

The Fintech Times

JULY 31, 2024

With the OCC consent orders against BaaS banks and bad press plaguing B2C BaaS platforms, regulators are extra scrutinising when it comes to all types of BaaS platforms, catching those in the middle that are B2B or Business to Nonprofit. In the US, he warns that firms could be caught out by new regulations regarding raising funds.

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Compliance AML Due Diligence Regulations 64

PYMNTS

AUGUST 20, 2018

Reuters reported that the overall mindset among FinTech firms is that the OCC action is a positive one — but at the end of last week, no FinTechs had, in fact, applied for charters yet. Might a floodgate be opened — if only one were to open the floodgates? Japan Eyes Cryptos, Yet Again. Separately, and looking beyond the U.S.,

Office of the Comptroller of the Currency 40

Office of the Comptroller of the Currency FinTech OCC Regulations 40

PYMNTS

JANUARY 24, 2020

OCC Prepares Civil Suit Against Former Wells Fargo Executives. The Office of the Comptroller of the Currency (OCC) is putting together “ so-called notices of charges ” against 10 people, although settlements could be extended to some, sources have said. He will also have to pay $17.5

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Online and Mobile Banking Office of the Comptroller of the Currency Central Bank OCC 60

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 ).

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Office of the Comptroller of the Currency Regulations Innovation OCC 40

The Fintech Times

MAY 12, 2025

The OCC has clarified a variety of cryptocurrency activities which are permissible for national banks and federal savings associations, including certain stablecoin activities.

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Interoperability Stablecoins Cross-Border Cross-Border Payments 45

CB Insights

DECEMBER 4, 2019

Why it’s interesting: While cryptocurrencies saw a huge spike in interest in 2017, many of the world’s most prominent figures in financial services — including JPMorgan CEO Jamie Dimon and Berkshire Hathaway CEO Warren Buffett — have outwardly cast it aside as mass speculation. Source: May 2018, CryptoDaily.

Online and Mobile Banking 101

Online and Mobile Banking Push-to-Card Payment APIs and Integration Non-Bank 101

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. But those same payments mechanisms must be in compliance with various regulatory and legal frameworks. Many of the questions are around, ‘how does USDC work?

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Stablecoins OCC Regulations Office of the Comptroller of the Currency 101

Clearly Payments

FEBRUARY 8, 2024

Office of the Comptroller of the Currency (OCC): As an independent bureau within the U.S. Department of the Treasury, the OCC supervises and regulates national banks and federal savings associations. It monitors and enforces regulations related to payment products and services to ensure fair treatment and transparency for consumers.

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Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Payments Source

JANUARY 27, 2021

The most likely picks for comptroller of the currency have pushed tech-driven approaches to financial inclusion and anti-money-laundering, and would bring new perspective to regulating cryptocurrencies.

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OCC Money Laundering AML Financial Inclusion 130

PYMNTS

JANUARY 21, 2021

Former Ripple advisor and Treasury Department official Michael Barr is anticipated to head the Office of the Comptroller of the Currency (OCC) under President Joe Biden, the Wall Street Journal reported on Thursday (Jan. The OCC is an independent bureau of the Treasury Department. 21), citing sources.

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OCC Office of the Comptroller of the Currency Fincen Federal Reserve 116

PYMNTS

DECEMBER 9, 2020

BitPay , a cryptocurrency payments firm, has filed to become a national bank in the U.S., BitPay has filed with the Office of the Comptroller of the Currency (OCC) to set up a federally regulated bank called the BitPay National Trust Bank, which will be headquartered in Georgia.

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Office of the Comptroller of the Currency OCC Stablecoins Digital Currency 129