The federal regulator published a letter Tuesday confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities.
Browsing: Office of the Comptroller of the Currency (OCC)
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The federal banking regulator published an interpretive letter addressing whether national banks and federal savings associations could use new technologies, including INVNs and related stablecoins, to perform bank-permissible functions, such as payment activities.